The courses of the CBoT corn of futures will confirm today probably the biggest three-week loss since late January. Very good vegetation conditions in the Midwest of the United States and the announcement of a big Chinese corn harvest pressure. The decline could last nor by better than expected export figures of the U.S. Government to be stopped.
Market participants praise high China corn stocks in the forward rates an and traders expect little Chinese imports from the United States. The Chinese corn harvest in 2015 is currently estimated at 232 million tonnes. These are 7.6% more than in the previous year. Stimulated by Beijing's intervention policy, the acreage has been expanded.
