Corn prices tilt lower in American trade
2017-01-10 20:00:03 GMT (Economies.com)
Corn prices tilt lower in American trade

Corn futures tilted lower in American trade as the dollar index settled higher according to their inverse relation, which follows a spate of data from the U.S., the world's largest corn producer and exporter.
 
As of 08:24 GMT, corn futures due on March 16 fell 0.42% to $358.50 a bushel from the opening price of $360.00, with an intraday low at $357.25, and a high at $360.25, while the dollar index inched up 0.07% to 102.00 from the opening of 101.86.
 
Earlier data from the world's largest economy showed wholesale inventories up 1.0% in November, compared to October's and expectations of 0.9%, while the Jolts job openings survey showed a drop to 5.52 million in November from 5.45M in October, missing expectations of 5.59M. Last wee, the payrolls report showed a drop in new jobs in December, while the unemployment rate rose to 4.7%, as average hourly earnings rose past expectations last month.

 
 
 
 
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