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Crop markets look set to start the week on a strong note

Monday, July 08, 2013   (0 Comments)
Posted by: Janice Kim
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http://www.cattlenetwork.com/cattle-news/latest/Crop-markets-look-set-to-start-the-week-on-a-strong-note-214584681.html

CattleNetwork

Corn futures bounced slightly from the drop suffered last Friday in Sunday night trading. Recent improvements in Corn Belt crops were exaggerated by favorable weather forecasts through mid-July, with the underlying implication of massive U.S. crops later in the year rather obviously weighing upon prices. Technicians are probably anticipating a follow-through slide similar in size to that suffered on June 28 as well. September corn futures rose 2.75 cents to $5.285/bushel in early Monday trading, while December added 3.5 cents to $4.9475…


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