Recession Fears Weighed Heavily on CME Grain Futures Tuesday
CME grain futures plummeted on Tuesday, pressured by heavy fund liquidation in the stock and energy markets. Traders are weighing concerns about a possible recession in the U.S. along with a slowdown in global growth.
July corn closed 18 ½ cents lower at $7.36 a bushel while December corn was down 29 cents at $5.78 ½ a bushel. Nearby soybean futures finished 50 ¾ cents lower at $15.75 ½ while November was down 79 ¼ cents. July SRW wheat futures closed with a 37 ½ cents loss on the day...
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