Corn prices rose during trading today, Tuesday, amid a decline in the dollar against most of the major currencies and news of strength in demand, with the follow-up of weather developments in a number of countries producing agricultural commodities.
The US Department of Agriculture stated that nearly 815,000 tons of yellow corn were inspected at customs last week in preparation for exporting it, including 280,000 tons bound for China.
On the other hand, by 22:05 GMT, the dollar index (against a basket of major currencies) decreased by 0.2% to 92.4 points, recording the highest level at 93.6 points and the lowest level at 92.2 points.
The Corona virus crisis continues to cast a shadow over global markets amid a rapid outbreak of the virus, but a glimmer of hope begins to loom on the horizon with the announcement of new vaccines.
At the close of trading, corn futures for December delivery rose 0.9% to 4.20 dollars a bushel, and the agricultural commodity recorded its highest price today at $ 4.22, while the lowest price was recorded at $ 4.17.
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