16.
02.24
08:51

Corn prices continue to decline

Corn closed yesterday in the front month of March with a loss of 0.75 euros/t at 175.00 euros/t. However, the subsequent contracts were under greater pressure to sell. The most traded June contract lost 2.00 euros per ton and was trading at 173.75 euros, below the level of the leading March contract. The supply situation in Europe appears to be comfortable overall, which is why the compound feed industry in particular is purchasing on sight. In addition, the clearly negative specifications in the wheat market are weighing on the situation and there are also signs of extensive production for the coming harvest, at least in the USA. In an initial estimate, the US Department of Agriculture assumes that the area under corn cultivation will be four percent smaller, but at the same time production is still expected to exceed the 380 million tons mark. This season's harvest is estimated at 389.69 million tonnes. Accordingly, corn contracts on the CBoT went south yesterday. There is a slight attempt at recovery in pre-market trading.

Source
VR Agriculture
Rückrufservice
Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich