The Trump policy also resulted in significant losses for corn. On the CBoT, the May contract fell by almost 2.5% to the equivalent of 481.00 US cents/bushel. The USDA forecasts also put pressure on prices. The expected ending stocks for 2025/26 are 1.96 billion bushels, which is higher than analysts' estimates. The estimated acreage of 94 million acres also slightly exceeded expectations. There was also no bullish impetus from the export front to turn the tide. In the week ending February 20, only 794,700 tons of corn were sold - 47% less than the four-week average. Actual exports remained stable at 1.3 million tons. Meanwhile, it was reported from Argentina that some rainfall has improved growing conditions again. According to local information, 21% of the stocks are in good to very good condition. Corn prices on Euronext remained more stable. The June contract fell slightly by €0.75 to €219.25/t.
Source
VR AGRAR
