Chicago wheat and corn hit new highs on crop May open strong
Chicago markets posted record highs as wheat and corn surged. May wheat opened higher, hovered above August peaks, and settled near 79 3/4c while December touched 76 3/4c. Corn reached the best price since 1891, with May at 68 1/2c to 69 1/4c and December around 64 3/4c. Oats climbed to the highest since 1894, with May near 45 1/2c and December at 45 1/2c. Pork, lard, and hog futures also rose, underscoring broad outside buying and strong cash demand despite limited professional selling.
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