The corn market turned positive on Tuesday. In Chicago, the September contract gained 5.00 US cents and closed at 403.00 US cents/bushel, while the December contract rose by 2.75 US cents to 423.00 US cents/bushel.
Support came primarily from the weekly condition reports: The percentage of stocks rated "good/excellent" fell by 2 points to 69 percent. This decline was seen as clearly bullish on the market.
On the export side, the signals remained positive. At 1.41 million tons, weekly exports were around 5% higher than the previous week and almost 46% higher than the previous year. The main buyers were Mexico, Japan and Colombia. Since the beginning of the current marketing year, deliveries have totalled 66.97 million tons, which is almost 29 per cent above the previous year's level. Overall, however, the US stock market remains supported above all by the weaker credit rating.
Euronext, on the other hand, was in the red. November lost €1.50 to €186.00 per tonne.
