Future contracts Corn Traded United States It rose for the fourth day in a row on Friday, hitting a two-and-a-half-month high as traders left the market in search of a slower harvest supply in the US midwest.
“We’re trying to get high enough to attract a little more producer movement,” said Don Roose, head of Iowa-based U.S. Commodities.
Rainy weather delayed harvesting and boosted soybeans, although technical pressures limited profits.
Corn and Soy Received additional support from news of new US export deals. The future of wheat was without a common direction.
The most active contract rose 6.5% this month, the fifth consecutive monthly gain and its longest series since 2007.
December corn futures were up 5.50 cents at $ 5.6825 and January soybeans were up 3.50 cents at $ 12.4950.
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