Euronext corn rose marginally yesterday. It only went into the red for the front month. Demand on the spot market is currently calm. The increased prices have deterred many buyers. At the moment, many processors are still well stocked with goods. On the other side of the Pacific, however, it was uniformly in the red. The most traded May date recorded a loss of $16.25 US cents/bushel and thus costs the equivalent of EUR 267.25/ton. In the Ukraine, local farmers are due to start sowing corn in the next few days, depending on the security situation. Some analysts reckon that if the war situation intensifies and the gun battle continues, corn stocks could be cut in half.
