26.
01.17
08:36

Corn prices fall the new US trade policy due to

CBoT-Maisfutures again leave a portion of their gains from yesterday, because operators in the United States expect disadvantages from the protectionist trade policies of new President Donald Trump.
In one of his first official acts, Trump has the North American free trade agreement NAFTA with Mexico and Canada, as well as trade agreements TPP rejected also the planned Trans. Because of the success of the US agricultural industry depends on exports, there is fear now massive disadvantages, when reduced demand from Asia. South Korea and Japan will soon probably refer more agricultural products from South America or from other parts of the world, believes Kaname Gokon broker in Tokyo.
Also the national demand will decline after corn and soybean oil for the production of biofuels, if less usage is prescribed legally by ethanol and bio-diesel, what plans to Trump. Quotes of certificates on bio-fuels, which should cause that bio-energy standards, fell yesterday to its lowest level for a year.
In Argentina's corn belt, the flooded farmland dry now, after the weather this week should remain dry.

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