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CBOT corn futures closes considerably drop get fund smooth storehouse is hit pre
From;    Author:Stand originally


According to Chicago on August 1 message, zhou Wu of CBOT corn futures closes considerably drop, because fund smooth storehouse lasts and weather prospect grows not to constitute menace to crop.

Corn contract closing quotation will drop in September 22 1/2 cent, sign up for every bushel 5.65 dollars; Contract will close in December drop 22 1/2 cent comes 5.85 dollars; Agreement will drop in March 22 1/2 cent, the newspaper closes at every bushel 6.05 dollars.

Zhou Si end dish the fund smooth storehouse that delays low case considerably continues to make in Zhouwu corn futures bear pressure.

The analyst Sid Love of advisory orgnaization Kropf And Love expresses, "Continuously a large number of congenial guests escape the market. "Continuously a large number of congenial guests escape the market..

Although predict American corn takes the air temperature on the weekend prep above average level, but predict the middle begins air temperature to will drop from Zhou Er about next week.

The analyst Dale Durchholz of AgriViser expresses, "Appearing a few days after high temperature weather, will greet a few moisture, cool weather again. Will greet a few moisture, cool weather again..

Trade business and analyst express, next week corn takes partial area makings to will appear a large number of rainfall, this makes further the market bear pressure.

Durchholz says, "A lot of people predict average per unit area yield is every acre at present 152 bushel or taller. "A lot of people predict average per unit area yield is every acre at present 152 bushel or taller..

American Ministry of Agriculture predicts average per unit area yield is every acre at present 148.4 bushel.

American Ministry of Agriculture will be produced in the crop August 12 the quantity announces new per unit area yield in appraise report beforehand beforehand appraise. This report is regarded as plan first when into ministry of American Chinese and Western the flood will affect in June specific beforehand appraise.

Trade business and analyst express, exterior market went situation Yi Jiang to change here of the market drop situation. Although crude price is in early dish rise, but subsequently fall after a rise makes corn price bear pressure.

Trade business says, the dollar inside day also is maintained driving, this increases market pressure further.

JP Morgan end dish buy 2, 500 hands December corn contract.

Commodity fund work off is made an appointment with 8, 000 hands agreement.
Origin: Article China finance and economics
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