Federal Reserve Chairman Ben Bernanke says the U.S. central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014, comments that weighed on stocks and pushed bond yields to a 15-month high. Full Article | Instant view
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
GRAINS-Corn leads strong gains as U.S. drought lingers
SYDNEY, July 16 |
SYDNEY, July 16 (Reuters) - U.S. December corn futures surged 3.3 percent on Monday, building on strong gains from the past four weeks as drought conditions in the U.S. Midwest hammer yields and stocks dwindle, driving up grains prices across the board.
The new-crop December corn contract traded as high as $7.63 a bushel, a fresh 3-1/2 year peak.
September wheat added 2 percent and November soy rose 1.7 percent. (Reporting by Lincoln Feast; Editing by John Mair)
- Tweet this
- Share this
- Digg this