CBOT Closing Comments

Posted by Nogger - a legend in his own mind at 08:16 | Categorized as

Corn and soybeans rose, after last week touching the lowest prices of the year, on speculation that financial rescues in the U.S. and Europe will prevent a global recession. Corn gained 15.5 cents, or 3.8 percent, to $4.185 a bushel in Chicago. Soybeans climbed 34 cents, or 3.7 percent, to $9.4075 a bushel. Wheat fell for the fourth time in five sessions on signs that the lowest prices in 16 months have done little to revive demand for supplies from the U.S., the world's largest exporter. Wheat dropped 2.75 cents, or 0.5 percent, to $5.635 a bushel in Chicago.