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Apr 2021

921

Corn around 8-year highs on tightening world supplies, wheat up

Chicago corn futures jumped on Monday to their highest since June 2013 as concerns about tight global supplies buoyed the market. Wheat hit a seven-year top, while soybeans touched eight-year highs. “Corn is in the driver’s seat as there are supply worries as well as strong demand,” said one Singapore-based grains trader. “Corn is pulling prices of wheat and soybeans higher.” Chicago Board of Trade most-active corn rose 2.1% to $6.46-1/4 a...

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