25.
09.23
09:45

81 percent of corn stocks in France are good or very good

There was no consistent picture on the last trading day of last week for corn on Euronext/Matif. The most traded front month, November, closed with an increase of 1 euro at 209.25 euros/t. Compared to Friday of the previous week, corn is valued 3.75 euros/t lower. The corn harvest has started everywhere and more and more quantities are finding their way into the warehouses and to the collection trade. For prompt deliveries, 245 euros/t are currently quoted in South Oldenburg, and on the Upper Rhine it is 234 euros/t. Dutch buyers are also active here and there and pay prices around 240 euros/t. In France, farmers have also started harvesting corn across the board. However, the harvest is progressing more slowly here than in other years. According to official estimates, around 6 percent of the area has been reclaimed; last year it was already 24 percent. Overall, 81 percent of the stocks in our neighboring country are rated as good or very good. Corn prices rose on the CBoT. However, on a weekly basis, contracts in Chicago fell less sharply than in Paris. However, before the trading session, the contracts are valued weaker again today and fall behind Thursday's closing prices.

Source
VR AGRICULTURE
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