Corn, soybean futures rise sharply on weak US dollar

March 26, 2008

The Chicago Board of Trade corn prices rose 20 cents to $5.44 for the benchmark May contract Tuesday, while soybeans rose 50 cents to $13.07 per bushel. Speculation is rising as investors await a report from the USDA on annual planting acreage of corn, soybeans and wheat in the US. The weakening US dollar was blamed for the price increases.

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Written by Jim Lane · Filed Under Research