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Steep drop in oil influences corn futures

Steep drop in oil influences corn futures

Corn futures are correlated to oil prices, as corn is used to produce ethanol. Oil prices hit an 11-month low due to weak demand and ample supply. WTI Crude Oil settled at $55.69 on Tuesday, its lowest closing price since Nov. 16, 2017. The oil [...]

By admin|November 14, 2018|Categories: Corn & Soy Complex, Ethanol|Tags: corn futures, IEA, Iran, OPEC, U.S. sanctions, WTI crude oil|0 Comments

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