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Raw material: American corn at its lowest level in three years on Wednesday

23/02/2024
Source : ORISHAS FINANCE
Categories: Raw materials

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Le mercredi 21 février dernier, le maïs américain est tombé à nearly 4 dollars a bushel , sound lowest level. The reason, according to analysts, is the abundance of availability.

American corn futures fell to a three-year low on Wednesday, nearing $4 per bushel. According to analysts, the abundance of the domestic cereal supply and the good harvest prospects in South America weighed on the feeling. Chicago Board of Trade (CBOT) March corn fell 7-3/4 cents, or 1.85%, to $4.11 per bushel, after reaching $4.10, its lowest level since November 2020 on a continuous chart of the most

active contract.

Soybeans followed corn downwards, falling back after the hikes the previous day, and wheat ended up falling. CBOT's March soybeans ended down 18-1/4 cents to $11.60-3/4 per bushel. Soybeans declined as the harvest progressed in Brazil, even as analysts debated the size of South American crops

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