27.
04.22
09:33

Argentina expects an increasing corn harvest in the coming season

Corn on the Paris Stock Exchange followed the bullish environment and rose moderately. Especially the later appointments recorded the strongest growth. On the Chicago Board of Trade, futures were only just able to hold their own and rose slightly. In the CornBelt of the USA, cool temperatures and precipitation are expected to continue in the coming days, so that it is also expected that sowing will continue to progress only sluggishly. On average in recent years, progress has been 15% of the targeted area. At the beginning of this week, only 7% has been achieved so far. In Argentina, the USDA expects a harvest of 52 million tons in the 22/23 season. The result is 0.5 million tons above the forecast for the current financial year.

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