The weather and therefore the vegetation conditions in the Midwest of the United States remain for the time being outstanding, so that a bearish sentiment on the Agrarfutures of the CBoT will continue. Nevertheless, there is a little breathing space tomorrow at the corn exchange rates today after the big losses of the day before.
Some weather services is expected in the next week so that it will dry in the South-Western U.S. corn belt. Yesterday declined the December rates on their contract low of 3.46 USD/bushel. Should the weather phenomenon La Nina in the United States bring a dry summer, so the cops would get later perhaps still right with their bet on rising prices, on the yield-critical pollination phase, which begins in these days in the Midwest of the United States in the corn, that would have but hardly an impact. The lack of stress in the plants will determine the mood on the futures exchanges in the coming days.
On Tuesday, the USDA had leave the evaluation of crops at its very good ratings.
