Corn ends trading with losses on Tuesday

With the weak guidance from the wheat market, corn prices were unable to escape downward concerns. Euronext corn lost 0.50 euros/ton to 201.25 euros/ton in the front month. On the CBoT, the corn contracts also went south, so that for the most traded December date the settlement was at $489.00 US cents/bushel, the equivalent of 489 euros. The US corn harvest is still in full swing. While on average 42% of stocks were harvested at the same time in previous years, progress this season is 45%. Compared to the previous week, the harvest has gained significant momentum and is up 11%.

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