Funding & Business
US Corn, Soy and Wheat Prices Fall on Post-Holiday Profit Taking
Grain and oilseed futures fell Tuesday amid profit taking that helped pare back Friday’s gains as the market reopened from the US Labor Day holiday.
Chicago wheat was down as much as 2.3%, the biggest intraday drop since the end of July, as global supply prospects continue to improve. Corn, which rallied to its highest level in a month on Friday, was down as much as 1.5%. Soybeans fell as much as 1.7%, with China still avoiding the US in favor of purchasing from Brazil.
Junk debt is about as safe as investment-grade now, at least according to prices in credit markets.
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Electricite de France SA’s Italian unit, Edison SpA, is ready to return to the public market if its French parent approves a plan to relist through an initial public offering.
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