US export reports support corn prices

Green corn scoreboards appeared both on this side of the Atlantic and on the other side. The corn prices found support, particularly on the CBoT, from the latest reports on export transactions. The USDA confirmed a booking with a volume of 120,000 tons. The USDA did not name a buyer. Meanwhile, the weather in parts of the United States is causing concern for local producers. Almost 72% of the areas in the Midwest are significantly drier than would otherwise be the case. It hasn't been this dry in these regions since 2004. In drought monitoring, this corresponds to level D0, which corresponds to the lowest drought level. Experts emphasize that extensive rainfall will become increasingly important in the coming weeks and is important for growing conditions.

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