Contrary to the weak wheat prices, US corn was able to break away from the benchmarks and end the week with moderate gains. The latest report on the processing of corn into ethanol is eagerly awaited today. Many market participants expect the processing figures to decline due to the build-up of stocks. At the same time, profits in the industry have been weaker in recent weeks, which also suggests a decline in production. Meanwhile, Taiwan was active on the market again and ordered 65,000 tons of corn in a tender - primarily from the USA.
On the European side, maize contracts were unable to hold their ground. Futures ended trading with slight losses.
Source
VR AGRAR
