CBoT corn rates are weakening at their 5 week high this morning

After the massive increase in the CBoT corn rates for a week, the rates at the hour in the night exchange are falling a little. With field visits, experts try to get an overview of the damage after the derecho on Monday a week ago.
The rally was driven by the trading activities of the fund companies. So far, however, there is no sign of a shortage of corn in either the US or the world.
Corn yields in the US state of Ohio, for example, are expected to be significantly higher this year than a year ago.
Yesterday, USDA experts rated 69% of US cornfields in good to very good condition. That is two percentage points less than a week ago, when the storm could not be taken into account.

Hansa Terminhandel GmbH
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