Corn continues its upward trend undeterred. Yesterday in Paris, the most traded November date went northwards by 5.75 euros/t. At the end of the trading day, the display board shows a closing price of EUR 322.25 for the November date. Growers in Europe remain concerned about this year's corn harvest. For other parts of Central Europe, only regional and local rain showers are reported for the next two weeks. The amounts reported are still relatively small. In southern Germany, yield losses of up to 50% are expected regionally. A similar picture can be seen in the Corn Belt. Producers and traders are concerned about the coming days and fear further heat-related damage to stocks. Gains were limited by weaker wheat prices and declining US ethanol production amid rising inventories.
Source
VR AgrarBeratung AG
