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| Fri 27th April 2012 | Unsubscribe | Edit subscription |
| Huge corn deal, US frost, send crop prices soaring | |
Ag futures soared - with soybeans prices returning back over $15 a bushel for the first time in nearly four years and corn and wheat futures soaring more than 3% - after a flourish of importer orders and a hard frost dents hopes for US supplies. Chicago soybeans for May hit $15.09 a bushel at one point, the highest for a spot contract since July 2008. Corn for May rose more than 4%, while wheat added 3.2%, to recover their losses of the past two weeks. The rally followed the US Department of Agriculture's unveiling of the biggest export order of American corn in 20 years, of 1.56m tonnes. | |
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