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Monday, October 2, 2023

Corn jumps over 1% as US crop condition deteriorates; wheat firm

SINGAPORE: Chicago corn rose more than 1% on Tuesday after a weekly government report showed a sharp decline in US crop rating amid hot and dry weather in parts of the Midwest grain belt.

CBOT corn may test resistance at $6.18

Wheat rose for a fifth consecutive session on support from tightening world milling wheat supplies, with Australia estimating lower crop in 2023/24.

Corn jumps over 1% as US crop condition deteriorates; wheat firm

Source: Brecorder

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