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Corn, Soybeans, Wheat May Rally on USDA Report, Schultz Says
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By Jeff Wilson
May 12 (Bloomberg) -- Corn, soybean and wheat prices probably will rise in Chicago after the U.S. Department of Agriculture cut its forecast for domestic inventories, said Mark Schultz, a vice president for Northstar Commodity Investments LLC in Minneapolis.
Corn futures for July delivery may rise 10 cents to 15 cents a bushel on the Chicago Board of Trade, Schultz said. Soybeans for July delivery may rise 9 cents to 13 cents a bushel, and wheat futures for July delivery may rise 5 cents to 8 cents, he said.
To contact the reporter on this story: Jeff Wilson in Chicago at jwilson29@bloomberg.net
ide to gore!!
Corn, Soybeans, Wheat May Rally on USDA Report, Schultz Says
Share | Email | Print | A A A
By Jeff Wilson
May 12 (Bloomberg) -- Corn, soybean and wheat prices probably will rise in Chicago after the U.S. Department of Agriculture cut its forecast for domestic inventories, said Mark Schultz, a vice president for Northstar Commodity Investments LLC in Minneapolis.
Corn futures for July delivery may rise 10 cents to 15 cents a bushel on the Chicago Board of Trade, Schultz said. Soybeans for July delivery may rise 9 cents to 13 cents a bushel, and wheat futures for July delivery may rise 5 cents to 8 cents, he said.
To contact the reporter on this story: Jeff Wilson in Chicago at jwilson29@bloomberg.net