Sharp Rise in Prices of Corn, Wheat and Soybeans

The prices of products derived from these grains have gone up, with supply having been severely affected by the worst drought in the U.S. in the last 25 years.

Tuesday, July 24, 2012

An article in Nacion.com reports on the rapid changes that the international price of soybeans, corn and wheat have suffered in the last month:

"Corn went from $572.88 per metric ton, on 24 June, to $814.30 a ton at the close of yesterday on the U.S. stock market. That means an increase of 42%."

"Wheat was trading at $702.63 a ton on June 24 and yesterday closed at $915.50. In this case the increase in the last month was 30%."

"As for soybeans, the international price in the stock went from $1,453.75 a ton, June 24, to $1,696.62 a tonne at the close of yesterday. That's a 16.7% increase."

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