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CBOT corn and alcohol futures price declined greatly due to unfavorable weather and large-volume corn import

China Agriculture Report By CnAgri2012-07-10 13:08:31China Agriculture Report Print


CBOT corn and alcohol futures price declined greatly due to unfavorable weather and corn import in large volume, while their spot price continuously rose.

International oil price and alcohol price rose greatly because of USD depression and unfavorable weather condition. Domestic corn futures price, alcohol staple transaction value and starch price fell back, while spot price remained rising slightly, so deep processing profit dropped.


From "China Grains Market Weekly Report"

 

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