Corn, Soybean, Wheat Futures Surge in Chicago After Crop Report
Oct. 8 (Bloomberg) -- Corn, soybean and wheat prices surged by the maximum permitted on the Chicago Board of Trade after the U.S. Department of Agriculture reduced its estimates of supply.
Corn futures for December delivery jumped the 30-cent limit, or 6 percent, to $5.2825 a bushel at 9:32 a.m. in Chicago.
Soybean futures for November delivery gained the 70- cent limit, or 6.6 percent, to $11.35 a bushel on the CBOT.
Wheat futures for December delivery advanced by their 60-cent limit, or 9.1 percent, to $7.1925 a bushel.
To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.n
Oct. 8 (Bloomberg) -- Corn, soybean and wheat prices surged by the maximum permitted on the Chicago Board of Trade after the U.S. Department of Agriculture reduced its estimates of supply.
Corn futures for December delivery jumped the 30-cent limit, or 6 percent, to $5.2825 a bushel at 9:32 a.m. in Chicago.
Soybean futures for November delivery gained the 70- cent limit, or 6.6 percent, to $11.35 a bushel on the CBOT.
Wheat futures for December delivery advanced by their 60-cent limit, or 9.1 percent, to $7.1925 a bushel.
To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.n
