Business Recorder - Markets - Commodities https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 07:13:45 +0500 Thu, 13 Aug 2026 07:13:45 +0500 60 US corn extends rally, hits highest since 2008 food crisis https://www.brecorder.com/news/9915/us-corn-extends-rally-hits-highest-since-2008-food-crisis <p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/mar/corn.jpg" width="400" height="320" />SINGAPORE: US corn futures rose for a third day on Monday to their highest since the 2008 food crisis on persistent supply concerns.</p> <p class="MsoPlainText">The worries have largely overshadowed a forecast from the US Department of Agriculture last week that US farmers will plant the second-largest corn acreage since 1944.</p> <p class="MsoPlainText">Chicago Board of Trade corn for May delivery rose as high as $7.40-3/4 a bushel shortly after Asian trading hours began. By 2315 GMT, the contract was up 0.5 percent at $7.39-1/2.</p> <p class="MsoPlainText"><Center /><b><i>Copyright Reuters, 2011</b></i><br /></center></p> SINGAPORE: US corn futures rose for a third day on Monday to their highest since the 2008 food crisis on persistent supply concerns.

The worries have largely overshadowed a forecast from the US Department of Agriculture last week that US farmers will plant the second-largest corn acreage since 1944.

Chicago Board of Trade corn for May delivery rose as high as $7.40-3/4 a bushel shortly after Asian trading hours began. By 2315 GMT, the contract was up 0.5 percent at $7.39-1/2.

Copyright Reuters, 2011

]]> Markets https://www.brecorder.com/news/9915 Sun, 03 Apr 2011 23:55:50 +0500 none@none.com (Abdul Ahad)