iNVEZZ.com Wednesday, August 7th: Improving U.S. weather and crop prospects continued to weigh on grain futures today, but prices retraced some of yesterday’s losses.
The corn price for December delivery on the Chicago Board of Trade (CBOT) rose 0.44 percent to $4.6125 a bushel after the contract yesterday dropped to $4.55, the lowest price since October 2010. Elsewhere on the CBOT, soybeans also traded slightly higher, with the November contract up 0.24 percent to $11.70 a bushel after earlier touching $11.64, the lowest level for a most-active contract since January 2012.
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