Despite the expectation of hochsommerlichem weather with heat and drought corn prices on the CBoT in the last two sessions gave the last week by 3.1%. The new week starts now but back with firmer courses and the courses are t the hour with a percentage points in the plus.
In the Midwest of the United States, it was raining on weekends; now, the weather services predict temperatures of 40 ° C. We are located at the CBoT corn in a purely weather market. In the center of the U.S. Maisanabaus are the crops in the yield-critical pollination phase. Heat could reduce yields.
At the same time a large there is demand for U.S. corn on the world market, because Brazil has to do, to use its domestic demand. The hedge funds have significantly reduced their net long positions in corn.
