Expansion in biofuels boosts corn – Agrolink Analysis

The price of corn on the Chicago Grain Exchange registered an increase of 9.00 cents on the Chicago Grain Exchange on Wednesday (1st.03) in March/17 contracts, closing at US$ 3.7575 per bushel. The other highlighted commodity positions on the CBOT closed the session with valuations between 8.00 and 9.00 points. 

On another day marked by rumors of the expansion of biofuels, the North American corn market saw strong gains in the main futures prices. Speculation remained high with President Trump's indications about possible incentives for the domestic ethanol production market.

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