After Tuesday's gains, Euronext/Matif corn contracts were down yesterday. The November contract has fallen by EUR 2.25 to EUR 321/t. This means that the price difference between the November date for corn and the December date for wheat is only 2 euros per tonne. The drought in Europe and the approaching heat wave continue to cause concerns about the quality and growth of local corn plants. On the other hand, the signs on the CBoT were very changeable yesterday, but then ended the trading day with slight gains. US ethanol production has risen again somewhat, and the meteorologists are also reporting precipitation in the Corn Belt for today. Pre-market corn contracts in Chicago start today's Thursday with losses.
Source
VR AgrarBeratung AG
