(Bloomberg) -- Corn futures rose in Chicago as
investors bet declines were overdone and after South Korea
tendered to buy U.S. corn. Soybean and wheat futures fell after a
government report of improved crop conditions.
The Korea Feed Association issued a tender to buy 385,000
metric tons of U.S. corn today for arrival from October to
November. Corn for December delivery, the most-active contract,
had declined 14 percent from a June 18 intraday high to
yesterday's close.
Read more at Bloomberg Commodities News
investors bet declines were overdone and after South Korea
tendered to buy U.S. corn. Soybean and wheat futures fell after a
government report of improved crop conditions.
The Korea Feed Association issued a tender to buy 385,000
metric tons of U.S. corn today for arrival from October to
November. Corn for December delivery, the most-active contract,
had declined 14 percent from a June 18 intraday high to
yesterday's close.
Read more at Bloomberg Commodities News
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