Corn prices trended north on Friday. The front month gains EUR 2.75 to EUR 316.00/t. According to the EU Commission and the DRV, the Federal Ministry of Agriculture is also assuming a significantly lower maize harvest in Germany. With expected yields per hectare of 7.5 t/ha, the expectation is below the harvest result from the drought year 2018, when an average of 8.14 t/ha was harvested from the fields. The German Raiffeisen Association is also concerned about the difficult situation in logistics. In inland waterways in particular, but also on the road, there is a lack of capacity for transporting grain. At the CDoT, too, contracts went into the weekend with profits. rising ethanol prices provided support. Pro Framer completed its field tour of US growing regions on Friday. According to the association's estimates, the corn harvest is likely to be weaker than the USDA had expected in its last WASDE.
Source
VR AgrarBeratung AG
