Strong rises in wheat led to price of corn in Chicago

Wheat and corn, to a lesser extent, closed with sharp increases in their prices in the Chicago futures market, after a day in which the main crops there was a forecast of dry and hot weather.

Wheat futures have resulted in significant increases in one day with opportunity purchases, after two sessions in low, highlighted Telam.

Concerns about the state of crops in Russia, climate and water problems in Australia they encouraged the prices. The July position recorded an increase of 7.17 USD (3.92%) to 187.39 USD per tonne.

In the case of corn contracts, the increases were awarded at the momentum of the price of wheat, indicated the Rosario Stock Exchange.

Operators are always attentive to climatic conditions in the American Corn Belt and its effects on the progress of the plantation. The July position increased from 2.26 USD (1.38%) to 165.54 USD per tonne.

On the other hand, soybean futures closed with slight declines due to the low rainfall over the past few days in part of the production area, which suggests more seedling growth. In this case, the July contract decreased by $ 0.37 (0.11%) to $ 319.21 per tonne.