Corn follows bullish signals from the rest of the agricultural markets

Following the positive indications from the wheat markets, corn futures went into the black. The front month saw an increase of EUR 9.50/ton to EUR 334/ton. There are reports of a tight supply of corn on the local cash markets. Accordingly, the prices remain fixed. The contracts on the CBoT also ended trading with up to double-digit profits. The leading May gained $14.50 US cents/bushel and thus costs the equivalent of EUR 271.27/ton. Above all, the prospect that the end of the war in Ukraine could drag on for a long time and the strong price gains on the wheat market gave corn prices support. Additional impetus came from the crude oil market.