20.
02.24
08:35

Corn for June below the 170 euro/t mark

Even at the start of the week, corn cannot slow down or reverse the ongoing trend towards lower prices. The prices continue to fall. The most traded June date closed below the 170 euro/t mark at 169.00 euros/t, leaving the trading session 2.75 euros lower. The leading March date is only rarely traded, the open interest continues to decline due to the imminent end of the contract; the closing price for this date yesterday was 171.00 euros/t. The requirements from the wheat market, a Ukraine that can deliver, as well as a high global supply of corn and the ongoing harvest in Brazil continue to put a strain on the grain. There were no specifications from the USA yesterday. The Chicago Stock Exchange was closed for a holiday. In electronic trading this morning, there are slightly firmer signs for corn futures on the CBoT.

Source
VR AGRICULTURE
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