Corn and soybeans started another rally after a short break. The major reason for the rally is bad weather conditions in the Mid-West of the USA.
The corn futures for December delivery appreciated by 0,9% up to $4,685 per bushel (25,4kg). Last Thursday the price dropped by 3,9%, which is the biggest daily decline since June 28th.
At the same time, the soybean futures for November delivery appreciated by 0,9% up to $12,9875 per bushel (27,2kg).
The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of corn:
