The CBoT Maisfutures place today tomorrow a little from winning the last few days. The fixed value of the US dollar led some investors to take their results from speculative long positions. Yesterday, the price of the front month had risen to a month high.
The U.S. dollar recorded currently with 0.89 to the euro on a multi week high, because a protocol of the federal expectations revived reserve (FED), which was announced yesterday, that interest rates in the United States rise in June. This is bad for the corn, soybean and wheat exports from the United States.
Too low corn prices should not sink but, as delayed corn planting in the Midwest of the United States due to cold and wet weather. Yesterday corn prices were supported by expectations that a higher fuel blend of corn-based ethanol will decide the United States for next year. The U.S. environmental protection agency yesterday suggested that this ethanol to increase amount of 18.11 billion gallons to 18.8 M rd. gallons.
