With the exception of the November contract, corn contracts in Paris were mixed yesterday but largely unchanged. The November date now says goodbye to the stock market is characterized by technical selling. Little corn continues to be traded on the spot markets. Regionally, the small quantities offered are offset by imported goods. For the coming season, many traders are already expecting a decline in acreage. The conditions for winter cereals such as wheat or malting barley or rapeseed were good, so that many farmers, especially in the south, are likely to have switched to these crops, according to traders. Expectations are different for silage maize, where this year's weak harvest should ensure catch-up effects in the coming year. Corn went south on the CBoT yesterday. The strengthened US dollar is putting pressure on export prospects. In addition, both StoneX and IHS Markit Agribuisness yesterday raised yields per hectare for this year's US corn crop. Traders expect clarity on this question from the WASDE report, which will be published next week. With export sales of 372.200 tons of corn, the lower range of the analysts' expectations was hit, corn exports as a whole are still lagging behind the previous year.
Source
VR AGRICULTURAL
