CBOT corn slips on USDA report; oil futures rise to 8-week high
Corn for March delivery on the Chicago Board of Trade ended at $3.55 per bushel on Wednesday, slipping by 3.25 cents amid a bearish report from the Department of Agriculture. The agency lowered its export-demand estimates and slightly pared the 2009 crop size. Light sweet crude for April rose to an eight-week high to settle at $82.09 per barrel on the New York Mercantile Exchange, gaining by 60 cents after the Energy Information Administration reported narrowing fuel inventories and rising demand for oil products.
Wall Street Journal, The | 03/10
This story published in RFA SmartBrief on 03/11/2010
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