23.
04.20
04:53

CBoT corn prices depend on crude oil prices and leave 11-year lows

Yesterday and the day before yesterday, the prices of the CBoT corn futures rose because the crude oil prices are now rising again. However, the price increase remains limited, since the demand for ethanol is very weak after the historical drop in crude oil prices.
The US dollar exchange rate stabilized against the currencies of other oil-exporting countries. As long as the markets are stopped by attempts to prevent the spread of the corona virus, energy prices and the prices of other energy sources are likely to remain under pressure.
The OPEC + states now want to agree on further restrictions on the funding quota in order to create space in the tanks.

Source
Hansa Terminhandel GmbH
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