iNVEZZ.com Tuesday, July 16th: Grain futures were broadly higher today, with the corn price rising by more than one percent as investors continued to focus on U.S. crop prospects, which have deteriorated amid warm weather and slower-than-average pace of maturing of the plants.
On the Chicago Board of Trade (CBOT) corn futures for September delivery traded at $5.4388 a bushel, up 1.4 percent on the day. The contract rose by as much as 1.6 percent earlier in the day to hit a session high of $5.4538 a bushel.
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