Corn futures are steady amid concerns over weather forecasts in Brazil and Argentina

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Source: Forexpros

Corn futures remained steady, being close to four-week high, leveling off after four-day gains as investors eye weather forecasts in Brazil and Argentina, the largest world producers of corn. Corn futures for delivery in March traded at USD6.1488 a bushel at the early European trade, on the Chicago Mercantile Exchange, edging down 0.12%.

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Thu, 22 Dec 2011 17:36:20 GMT

Worldwide coffee exports increase by 41% amounting $23.5 billion

World's coffee exports are expected to total $23.5 billion or 102.4 million bags this year as compared to $16.7 billion or 96.8 million bags in 2011, indicating a 41% increase, reported International Coffee Organisation. Coffee is the second most traded commodity after oil in the world. Coffee futures for delivery in March traded at USD2,192 a pound on the Inter Continental Exchange, easing down by

Thu, 22 Dec 2011 17:32:42 GMT

Russia's inflation rate to be at 6% this year

Russia is likely to see 6% inflation rate this year, being the lowest since the collapse of the Soviet Union, according to Dmitry Medvedev. The country's economy is expected to expand by 4% in 2011 outperforming the economic growth of leading economies, he added.

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