Monday, 28 February 2011

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Corn, Soybeans May Rise as U.S. Agency Forecasts Tight Supplies

  • Monday, 28 February 2011
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  • Corn may extend a four-week rally and soybeans may gain after the government said U.S. supplies will be tight for 18 months. Twenty-six of 34 traders and analysts surveyed from Tokyo to Chicago on Feb. 25 said corn will rise this week, and 23 of 35 respondents said soybeans will gain. Last week on the ChicagoBoard of Trade, corn futures for May delivery rose 0.2 percent to $7.22 a bushel, and



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