Heatwave expected in US

Corn prices posted solid gains on both Matif7Euronext and the Chicago Stock Exchange. Before the US prices could increase strongly. In addition to the upswing in the wheat market due to the tense situation in Ukraine, the reason was the report that it will be hotter and drier in the USA in the coming days. The improvement in the drought situation was short-lived, so many market participants expect the status of stocks to deteriorate. Exports totaled 310,000 tons, according to the USDA, down from the week's level of 321,500 tons.

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