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Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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Corn futures climb as U.S. harvest exports grow

Oct 30, 2012 08:25 AM

Indications about the possibility of droopy prices driving demand for U.S. supplies pushed up the price of corn futures on Tuesday, Bloomberg reports.

Also benefiting the grain was economic data indicating inspections at ports in the U.S., the globe's biggest grower, surged 49 percent for week-ended October 25 to amount to 15.5 million bushels, according to the U.S. Department of Agriculture. The grain is coming off last week's decreases, which slightly surpassed 3.1 percent and augment losses since August that were caused by the worst drought in more than 50 years.

The U.S. had "quite an impressive inspections result" for the grain, analyst Ker Chung Yang with Phillip Futures Pte. in Singapore told the news source on Tuesday. "It's one of the factors that will support prices."

At 7:56 a.m. on Tuesday, corn futures increased 0.68 percent, a 0.05 cent gain to $7.42 per bushel.

Tuesday's gains continue increases achieved Monday despite the reduced pace of trading as Hurricane Sandy barreled up the Eastern Seaboard, The Wall Street Journal reports. Analysts and traders were waiting on economic data that will reveal the size of the harvest in the U.S.

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