On both the Matif and the CBoT, corn contracts followed the bullish environment yesterday and ended trading with modest gains. The export news published yesterday provided additional support. The USDA confirmed a sale of 110,000 tons to Mexico. In addition, the USDA reported that corn consumption for ethanol production in December reached the second highest level in the current marketing year. Strategie Grains expects global corn production to increase by 1% to 1.167 billion tons. In Argentina, the state of maize stocks has improved. Around 32% of the plants are in good condition. In the previous week it was still 22%.
