Solid export shipments supported corn

Maize prices headed north yesterday. The rising price trend of the past few days continued. The indications from wheat provided corresponding support, so that the most traded June futures contract rose by 4.75 euros to 206.50 euros/tonne. The following contracts also closed firmer and are all above the 200 euro/t mark. The front month had only recaptured this mark on Friday. The renewed tensions in Ukraine have increased concerns about the supply situation, with Russia having attacked and destroyed major grain warehouses as well as important port infrastructure. Corn also traded firmer on the CBoT. The most traded July futures contract closed 6.75 US cents firmer at 449.75 US cents/bu, which corresponds to a converted price of 166.21 euros/t. At 1.62 million tons, US export shipments published yesterday were very solid and higher than in the previous week. For the season to date, 30.32 million tons of corn have been shipped, compared to 22.38 million tons at this time last year. Corn sowing in the USA is currently making progress and is slightly faster than last year at 12%.

Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich