Corn Higher on US Yield Worries After USDA Cuts Crop Condition
US corn futures rose on Tuesday after the USDA announced a larger-than-expected reduction in its crop condition rating, fueling concerns that the agency might lower its yield outlook. Soybean futures also climbed as recent rains slowed harvesting.
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06:41:32 PM UTC
SquawkNews
Chicago Board of Trade soybean futures rose on Tuesday after the US Department of Agriculture reported slower-than-expected US harvest progress and recent rains stoked concerns about crop quality.
US corn futures climbed on Tuesday after the US Department of Agriculture made a larger-than-expected cut to its crop condition rating, raising concern the agency could lower its yield outlook. Soybean futures also rose as recent rains slowed harvesting.