Corn closes higher ahead of USDA weekly report

Economies.com
2020-07-09 21:50PM UTC

Corn futures rose Thursday, to shrug off a firm dollar, after the USDA's weekly report.

 

Corn futures saw sales coverage ahead of the US Department of Agriculture report on harvest and crop quality on Friday.

 

The US National Weather Service forecast hot and dry weather in the central and western regions, which could damage crops in terms of quantities and quality.

 

The USDA also announced exporting 599,000 tonnes of corn in the week ending July 2.

 

The dollar index rose against a basket of currencies by 0.3% to 96.7 points as of 21:39 GMT, after hitting an intraday high of 96.8 a low of 96.2.

 

Corn September futures rose 0.9% to close at $3.48 a bushel, after hitting a day high of $3.55 and a low of $3.45.

Commodities News

Gold News

Commodities

Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Gold News

Commodities

Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Gold News

Commodities

Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Brent Oil Price Analysis Expected Scenario The Brent oil price bounced downwards strongly ...
Oil Analysis

Commodities

Crude oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price couldn’t manage to hold ...
Silver Analysis

Commodities

Silver price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Silver Price Analysis Expected Scenario Silver price returns to test the key support at ...