Over the past five trading days, the prices of the CBoT corn futures have risen daily. Market participants see that the weather conditions in the US growing regions are not optimal for the vegetation. There are also signs that demand is rising, making prices the biggest increase in seven months this week.
The weekly plus is now 3%, the highest since the end of October 2019. The positive impact comes from also rising ethanol prices. Production increased again in the United States after inventories fell to their lowest level since January.
Analysts are now warning of a hot and dry summer that could affect the US Midwest. 
Source
Hansa Terminhandel GmbH
