Euronext corn failed to break away from bearish wheat market guidance, posting modest losses just before the weekend. In the US, on the other hand, futures failed to find a consistent direction after volatile trading. While the front month was still in the green, the dates at the back went south. The corn prices continue to be supported above all by the sluggish sowing in large parts of the important US cultivation areas and the solid export business. Despite the geopolitical conflict, around 622,000 tons of corn were exported in the Ukraine last month, a significant increase compared to the previous month.
