Corn Futures

Corn (E) (ZCN8) 591-0
Corn (E) (ZCU8) 603-4
Corn (CN8) 591-0
Mini-Sized Corn (YCN8) 591-0

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Corn Prices Fall as Dollar Gains

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18 April 2008 @ 06:19 pm EST
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Corn tumbled on Friday after the dollar regained against other major currencies.

The dollar gained 0.7 percent against the euro and other major currencies, after posting declines yesterday.

Corn futures for July delivery declined by 0.7 percent or 4.25 cents to $6.1275 a bushel on the Chicago Board of Trade, after reaching a record high of $6.23, yesterday.

Corn prices were yesterday pushed high as the dollar dropped but today's rebound of the U.S. currency pushed the grain prices down.

There were concerns that heavy rains will delay planting since the yield potential of corn is reduced when planting is done after April.

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