While prices in the slipstream of wheat trading fell in Paris, corn futures in the USA rose significantly. Trade continues to be affected by the drought in Latin America. In addition, there is solid demand from the US ethanol industry. Ethanol production experienced a slight plus last week. In view of the high crude oil prices, ethanol should remain in demand. For the export bookings published today, market participants expect volumes between 0.5 and 1.0 million tons.
Source
VR AgrarBeratung AG
