Corn: Ukraine exports less grain corn

In the wake of weaker CBoT wheat and corn guidance, Euronext corn prices fell on all dates yesterday Tuesday. Ukraine significantly increased its total grain exports last year, but grain maize exports fell by 12% to 24.7 million tons. On the CBoT, the weak indicators from the soybean market in particular put pressure on corn trading. For the WASDE, which will be published this evening, most market participants expected a significant production cut for South America. It remains to be seen whether this will lead to strong price movements. The market is likely to have already priced in the weather situation in Brazil. Pre-market on the eCBoT, the contracts trade with slight premiums.