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Corn closes higher, snaps 2-day losing streak
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Corn closes higher, snaps 2-day losing streak
Oct 6, 2020 12:41 PM

Corn prices rose on Tuesday, after 2-day losing streak, lifted by slow harvest in the US, but corn's gains are still curbed by the recovery of weather conditions in Midwest states.

The US Department of Agriculture reported that around 25% of the corn crop had been harvested as of Sunday, missing forecasts of 26%.

The USDA will unveil its monthly report on Friday, which provides insight on corps quality, supply and stocks.

The dollar index rose against a basket of currencies by 0.2% to 93.7 points as of 22:29 GMT, after hitting a high of 93.7 and a low of 93.3.

Corn December futures rose 1.4% to close at $3.85 a bushel, after hitting today's high at $3.89 and the low at $3.78 .

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