BML 5.00 Increased By ▲ 0.03 (0.6%)
BOP 13.33 Increased By ▲ 0.24 (1.83%)
CNERGY 7.10 Decreased By ▼ -0.08 (-1.11%)
CPHL 85.90 Decreased By ▼ -0.81 (-0.93%)
DCL 14.15 Decreased By ▼ -0.23 (-1.6%)
DGKC 168.91 Decreased By ▼ -1.65 (-0.97%)
FCCL 46.10 Decreased By ▼ -0.60 (-1.28%)
FFL 15.83 Decreased By ▼ -0.15 (-0.94%)
GCIL 26.50 Decreased By ▼ -0.14 (-0.53%)
HUBC 147.66 Decreased By ▼ -0.21 (-0.14%)
KEL 5.38 Increased By ▲ 0.05 (0.94%)
KOSM 6.45 Decreased By ▼ -0.05 (-0.77%)
LOTCHEM 20.60 Increased By ▲ 0.07 (0.34%)
MLCF 84.66 Decreased By ▼ -0.17 (-0.2%)
NBP 127.42 Increased By ▲ 1.07 (0.85%)
PAEL 42.19 Decreased By ▼ -1.06 (-2.45%)
PIAHCLA 22.06 Decreased By ▼ -0.56 (-2.48%)
PIBTL 8.85 Decreased By ▼ -0.12 (-1.34%)
POWER 13.97 Decreased By ▼ -0.05 (-0.36%)
PPL 167.00 Decreased By ▼ -1.76 (-1.04%)
PREMA 42.59 Decreased By ▼ -0.01 (-0.02%)
PRL 32.89 Decreased By ▼ -0.29 (-0.87%)
PTC 23.94 Decreased By ▼ -0.08 (-0.33%)
SNGP 117.95 Decreased By ▼ -0.61 (-0.51%)
SSGC 45.41 Decreased By ▼ -0.77 (-1.67%)
TELE 8.18 Decreased By ▼ -0.08 (-0.97%)
TPLP 10.15 Decreased By ▼ -0.23 (-2.22%)
TREET 23.25 Decreased By ▼ -0.67 (-2.8%)
TRG 57.62 Decreased By ▼ -0.45 (-0.77%)
WTL 1.53 Decreased By ▼ -0.02 (-1.29%)
BR100 13,909 Increased By 54.2 (0.39%)
BR30 39,944 Decreased By -244.3 (-0.61%)
KSE100 137,059 Increased By 556.1 (0.41%)
KSE30 41,741 Increased By 188.7 (0.45%)

CHICAGO: US corn futures steadied after hitting their highest in nearly two months on Wednesday, underpinned by concerns that hot and dry weather in the Midwest during key crop development periods limited how big the fall harvest will be, traders said.

Wheat futures were strong, on track for their fourth straight day of gains, while soybeans eased on profit taking after rallying to a three-week high during the overnight trading session.

Corn futures also were well below overnight peaks, pressured by some reports of strong yield potential in major production areas of Illinois and Iowa by scouts on the annual Pro Farmer Crop Tour.

But the crops in those production areas were not likely to make up for shortfalls noted in other states.

“When they come out with their numbers tonight, you are going to find that Iowa and Illinois are looking at largely average crops,” said Jim Gerlach, president of brokerage A/C Trading in Indiana. “The heat got to this crop.” At 12:00 p.m. CDT (1700 GMT), Chicago Board of Trade corn for December delivery was up 1-1/2 cent at $6.56-3/4 a bushel. Prices peaked at $6.71, the highest for the most-active contract since June 27.

Comments

Comments are closed.