In the slipstream of the wheat targets, corn also fell yesterday. The front month of June lost EUR 2.25 and closed the first trading day of the shortened week at a closing price of EUR 255.50 per tonne. On the cash markets in Germany, sales are still manageable, prices have recently fallen by around 2 euros per tonne on average. corn photo Brake is quoted today at 252 euros/t. At the CBoT, corn did not present a uniform picture yesterday. While the front month of May closed somewhat weaker, the follow-up contracts increased slightly. At 1.089 million tons, weekly export shipments were significantly higher (+ 60%) than in the previous week. However, the recent price rally after the cultivation forecasts and the inventory figures in the USA also resulted in increased profit-taking. That's why corn failed yesterday's rally in crude oil. The stock exchanges will remain closed on Friday, so sales and the news situation should remain rather manageable this week. Pre-market today, the eCBoT is showing a red sign for the futures contracts.
Source
VR AGRICULTURAL
