Trade of the Week: shorts on the cob

The price of corn dropped to its lowest since 2010 this week but this provided bumper returns for anyone who hedged against the fall

The price of corn dropped to its lowest level since 2010 this week, with favourable weather conditions increasing the likelihood of a bumper crop, providing hefty returns for anyone who hedged against the fall.

A crop progress report released by the US Department of Agriculture on Monday suggested that crop conditions have significantly improved from last year, when the worst US drought in half a century drove prices to record highs.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached