March Corn finished down 11 at 693 1/4, 13 off the high and 1 up from the low. May Corn closed down 10 1/4 at 696 1/2. This was 1 1/4 up from the low and 12 1/4 off the high.
Prawns were the most popular big-ticket item on Christmas dinner tables across Australia this year with abundant supplies and discount pricing making them more accessible than ever.
With the CME Group corn, soybean and wheat markets closed, overnight, due to the Christmas Holiday, the farm markets are expected to advance slightly higher Wednesday.
Forget gas prices, the cost of a gallon of milk could double early next year if the agriculture bill gets swept up in fiscal cliff negotiations, CNN Money reports.
Russian wheat prices, finishing this year with a more than 75 percent gain, are expected to hit new highs next year thanks to tight supply and worsening prospects for the 2013 winter crops.
Australia’s principal rice grower group, SunRice, has announced a good financial result for the first six months to 31 October 2012, with group profits up 24% on the same period last year.
While Australian grassfed beef exports are likely to finish the year well above year ago levels, grainfed volumes are likely to finish 2013 well below previous year levels.
Increasingly lower temperatures in the past month has led to rising pork prices, according to Xinhua News Agency's price system on national farm produce.
Singapore-based Olam International has purchased the soluble coffee assets and business of Spain-based Seda Solubles for $52m through a bidding process.
March Corn finished up 5 1/2 at 702, 2 3/4 off the high and 5 1/4 up from the low. May Corn closed up 5 at 704 3/4. This was 4 3/4 up from the low and 3 1/4 off the high.
