07.
02.24
08:16

Global corn supply strained

Corn rose for the second trading day in a row yesterday. On Euronext/Matif in Paris, prices rose by 1 euro to 182.00 euros/t for the front month of March 24. The follow-up contracts also had green signs and were therefore able to decouple themselves to some extent from the requirements of the wheat sector. Activity on the cash market remains manageable. Compared to the prices in Paris, grain corn from Germany is currently valued at 220 euros/t in southern Oldenburg. Offers from Eastern Europe are at 217 euros/t and are therefore only slightly lower. Because of the prices and the differences to wheat, few goods are currently changing hands. The corn harvest continues to make good progress in Brazil. At the end of the previous week, according to AgRural, 27 percent of the areas had been retracted, a weekly increase of 16 percentage points. Corn contracts on the CBoT were trading at losses. The traders are positioning themselves in the run-up to WASDE tomorrow, Thursday. In particular, a significant cut in production is expected in Brazil. Nevertheless, global corn supplies remain exceptionally good, which is likely to continue to put pressure on prices. Even today, there are red signs for corn in pre-market trading on the eCBoT.

Source
VR AGRICULTURE
Rückrufservice
Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich