SINGAPORE- Chicago corn futures fell for the first time in five sessions as a decline in demand due to the pandemic outweighed support from smaller-than-expected plantings of the grains.
Soybeans climbed for a fourth consecutive session, while wheat declined after three days of gains.
“Lower-than-expected planting supported corn prices but the key challenge for corn is demand destruction,” said Phin Ziebell, agribusiness economist at National Australia Bank in Melbourne. — Reuters
Malaya Business Insight comes to you in a very readable package: A fusion of in-depth news, excellent news analyses, the credible prognosis of events, powerful commentaries and balanced updates on what is happening and about to happen in corporate board rooms, in the diverse business and industry sectors, in Philippine regional and global politics and in the exciting world of sports, arts, entertainment, and lifestyle.
© 2024 Malaya Business Insight. All Rights Reserved.
Developed by Neitiviti Studios
