iNVEZZ.com Thursday, June 27th: Agricultural futures were little changed yesterday in Chicago but today most grains edged higher with market players readjusting positions before the crop acreage update by the U.S. Department of Agriculture’s (USDA), to be released tomorrow at 12 p.m. in Washington.
Amid broadly higher grains market, corn extended losses today, heading for its longest losing streak since November 15. The corn price for delivery in December fell as much as 0.5 percent to $5.4125 a bushel on the Chicago Board of Trade (CBOT), and was at $5.4175 at 13:14 GMT. The contract has been falling for six days now on expectations of record-high output.
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