Corn closes ‘limit’ down

Mike McGinnis CHICAGO, Illinois (–The CME Group corn market closed limit down on improved planting weather outlooks Thursday. The July corn futures settled down the 30 cent ‘limit’ at $7.29 1/4. The contract traded around $7.24, synthetically. The July soybean contract closed 31 cents lower at $13.53 1/2. The July wheat futures closed 34...

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Drought Strains Russian Wheat Supplies

Wheat prices in Europe reached a two-year high this week after Russian officials announced that extreme heat and drought had decimated roughly 20 percent of the country’s winter crop. Prices retreated slightly after the country’s Agriculture Ministry said that Russia, the world’s third-largest wheat exporter, would use its stocks to maintain exports. Despite the...

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