(Bloomberg) -- Corn futures in Chicago rose to the
highest in almost two weeks after a U.S. government report showed
increased overseas demand for the grain.
Export sales of U.S. corn rose to 1.514 million metric tons
in the week ended May 10, more than three times the previous
week, the U.S. Department of Agriculture said yesterday. Sales
for delivery before Aug. 31 are up 8.8 percent from a year
earlier. Cash corn prices in Illinois have jumped 7.5 percent
since April 1, topping the 5.1 percent rally in Chicago futures.
Read more at Bloomberg Commodities News
highest in almost two weeks after a U.S. government report showed
increased overseas demand for the grain.
Export sales of U.S. corn rose to 1.514 million metric tons
in the week ended May 10, more than three times the previous
week, the U.S. Department of Agriculture said yesterday. Sales
for delivery before Aug. 31 are up 8.8 percent from a year
earlier. Cash corn prices in Illinois have jumped 7.5 percent
since April 1, topping the 5.1 percent rally in Chicago futures.
Read more at Bloomberg Commodities News
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