14.
04.22
09:43

Corn sowing delayed in the USA

On the Matif, corn prices also closed with mixed signs. The front month lost EUR 4.00/ton to EUR 330.00/ton. In Chicago, on the other hand, the bulls took the lead. The most traded May gained $7.25 US cents/bushel and thus costs the equivalent of 374.90 euros/ton. In addition to the fear of a shortage of supplies, yesterday's report that US sowing is progressing much more slowly than planned provided bullish impulses. In Argentina, the ongoing strike by truck drivers is still causing delays in agricultural exports. Analysts expect negative consequences for commercial transactions.

Source
VR Agrarberatung
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