The signs for corn on the Paris Euronext/Matif were mixed yesterday. While the most traded November date was able to increase slightly, some of the other dates ended the trading day with losses. The development of the maize plants in France and Germany continues to cause concern. Precipitation has been reported regionally for the coming days, sometimes with severe weather. For a large part of the stocks, these are likely to come too late. In particular for those that were not additionally irrigated by systems. The CBoT ended trading yesterday with losses. On the one hand, the WASDE report had a lasting effect, on the other hand, somewhat more favorable weather forecasts for the next few days could still benefit the plants in the Corn Belt. The chance of rain has increased and temperatures are expected to drop. The USDA cut the health rating for corn stocks by one percentage point yesterday. 57% are in good or very good condition, the market expectation in advance was 56%.
Source
VR AgrarBeratung AG
