Corn Hits One-Week High on US Crop Concerns
Chicago corn prices surged to a one-week high on Wednesday, driven by concerns over declining US crop conditions. Soybeans also saw gains, while wheat experienced a slight decline but remained supported by ongoing Black Sea grain vessel attacks.
Chicago corn climbed to a one-week high on Wednesday as worries over deteriorating US crop conditions lent support to prices. Soybeans also advanced further, while wheat slipped after finishing higher on Tuesday. Persistent attacks on grain vessels in the Black Sea helped cap the downside in wheat. The mos…