Corn showed green signs yesterday. The dates up to Aug 23 each closed 1.25 euros/t higher. The leading March date closed Monday with a closing price of 280 euros/t. The motives for the corn market are similar to those for wheat. Here, too, the focus is increasingly on the Ukraine. The delivery of the main battle tanks brings new concerns about the country's corn and wheat supplies. The "Ukrainian Agribusiness Club" assumes that this year's grain production will fall significantly. For corn, the association expects production of between 15 and 17 million tons. Before the war, Ukrainian farmers produced up to 42 million tons of corn. The export opportunities, according to the UAC, will drop to 10 million tons of corn. The CBoT went up in small steps. Overall, however, trading on the CBoT was volatile yesterday. Support came from the announcement of a 112,000-ton retail sale to Japan. However, last week's export shipments were disappointing. Pre-market, the corn contracts on the eCBoT start today with a red sign
Source
VR AGRICULTURAL
