23.
02.22
10:12

Corn follows bullish wheat market

In Paris, corn contracts took over the bullish sentiment and also closed with modest gains. In the slipstream of wheat prices, corn also went north on the CBoT. The front month recorded a profit of $20.5 US cents/bushel and thus costs the equivalent of EUR 234.22/ton. In addition to worries about the political situation on the Ukraine-Russia border, the reduced earnings outlook continues to drive the bulls. A sustainable improvement in the cultivation conditions does not seem to be in itself at the moment.

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