As a result of the generally weak market environment, corn prices also fell yesterday. The most traded March contract lost EUR 2.75 and closed the first trading day of the new week at EUR 317.75/t. Maize is thus continuing its trend. On the local cash markets, corn is in demand from time to time, but only a few sales are made. EU maize imports have increased until November 8th. exceeded the mark of 10 million tons. At the same time in the pre-financial year, only 4.6 million tons were imported into the EU-27. Brazil remains Europe's largest supplier of corn, accounting for 53%, followed by Ukraine, which contributed 36.9% to total imports this marketing year. On the CBoT, corn contracts were little moving but showed slight red signs at the end of yesterday's session. Slightly better corn exports compared to the previous week and better domestic logistics are fundamentally supporting the market. On the other hand, the US harvest continues to progress well and is on the home stretch with a 93% completion.
Source
VR AGRICULTURAL
