France's corn harvest 50% harvested

The November contract on Euronext/Matif, which is about to expire, closed on Friday with an increase of 0.50 euros at 200.25 euros/t, while the now most traded March contract left the Friday session unchanged. Trading is supported by positive information from the wheat sector, but the ongoing corn harvest throughout Germany and Europe is slowing down a strong price movement. According to current figures, around 50 percent of stocks in France have been harvested, 23 percent more than a week ago. At the CBoT, however, corn went south. Profit-taking is primarily cited as the reason for the price setback. At 910,000 tons of corn, the export figures were significantly higher than market participants had expected. In addition, the price of crude oil also gave support to corn contracts. However, this was not enough to stop the setback. However, before the trading session, the contracts on the CBoT this morning are already making up for Friday's losses and are appearing friendly.

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