The listings for corn on the Euronext/Matif primarily followed the specifications for wheat. The forced month of March 23 lost EUR 2.00 and closed at EUR 304.00/t. On the local cash markets, too, corn prices continue to fall with weak sales volumes. According to figures from the Federal Information Center for Agriculture (BZL), significantly less grain ended up in Germany's feed troughs in the past financial year. In particular, the declining pig population ensures a lower demand. 6.6 million tons and 5.1 million tons of corn were fed last year. In the 2020/21 marketing year it was still 5.58 million tons of corn. CBoT was up yesterday. According to the USDA's CROP report, the US corn harvest is now almost complete at 96 percent. Increased ethanol production in the US also provided support for corn prices. In Brazil, protests by supporters of the president-elect continue to make the logistics of corn and soybeans to export ports difficult. There will be no trading in Chicago today due to the US Thanksgiving holiday.
Source
VR AGRICULTURAL
