The bulls also took the lead in Euronext corn, posting double-digit gains. Futures on the Chicago Stock Exchange also went clearly into the profit zone. Delays of up to three months are expected for corn exports from Russia and Ukraine. In addition, many market participants are anticipating problems with maize sowing due to the difficult situation in Ukraine. This in turn could have a massive impact on earnings forecasts. In the USA until 24.02. around 15 million tons of corn were loaded and are thus at the level of the previous week.
Source
VR Agrarberatung
