The rapid progress in the field order in the Midwest of the United States pushes corn prices on the CBoT to the lowest level since a week. In addition, rampant bird flu still and has a negative impact on the needs of feed.
Corn and soybean fields be ordered quickly with ideal weather conditions. The corn seed is 75% in soil and soybean to 31%. Thus it is far ahead of previous years. Meanwhile, feed manufacturers feel a demand lull of the Turkey breeder, whose Bestände were decimated in U.S. by culling due to avian influenza in several States. Feed consist largely of corn and soybean meal.
