Corn acreage estimate drives prices down

By Malcolm Bartholomaeus
Updated July 1 2021 - 5:15pm, first published July 1 2019 - 12:46am
Corn acreage estimate drives prices down

Chicago Board of Trade July wheat futures hit fresh highs last Friday night, before falling sharply after the United States Department of Agriculture released grain stocks and crop acreage numbers. The initial lift in prices was supported by a reduction in the planted area of the Canadian spring wheat crop to below trade expectations.

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