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Corn Jumps to 8-Year High

Corn up 1.5% as world supply worries drive prices up

PEXELS
PEXELS

Chicago corn futures jumped on Monday to their highest since June 2013, as concerns over global supplies buoyed the market.

Wheat gained 2.4% to a seven-year top, while soybeans hit an eight-year high.

Dryness in Brazil and a cold spell in the United States raised supply concerns in the world’s two biggest corn exporters, while stocks from the 2020 harvest have been dwindling and demand from China has been growing.

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