The price of the food
The future of corn and soybeans traded on exchanges in Chicago (CBOT) ended on the rise, driven by the floods in the Mid-west U.S., conditions that threaten the predictions of both crops. The commodity recorded records in stock for the seventh consecutive session.
The July contract corn recorded increase of 22.75 cents, to $ 7.3175 per bushel, reaching achieve record for the first ending of $ 7.3750 per bushel.
The December contract on the next crop, showed high of 25.50 cents, quoted at U.S. $ 7.65 per bushel. The contract in July of 2009 reached a historical maximum for the cereal, from $ 7.8450 per bushel.
The contract for July soybeans rose 23.50 cents, quoted at $ 15.60 per bushel. On November the crop advanced 18.50 cents, to $ 15.31 per bushel.
At the beginning of the stock trading, soy, corn and wheat had a falling pressured by the realization of profits.
But the wheat also closed high, influenced by the movement in soybeans and corn and by technical buying.
The July wheat gained 31 cents, to $ 8.82 per bushel.