Corn prices, like wheat, rose again yesterday. With a plus of 1.50 euros, the front month was able to close at 274.75 euros on the Paris Euronext/Matif. Concerns about renewed escalations in Ukraine after the delivery of battle tanks are also reflected in the case of corn. On the other hand, the CBoT went south yesterday. The appointments are lost, albeit to a small extent. There is still no solution for the USA in the trade dispute with Mexico. The Mexican Minister of Agriculture also announced that the country would like to significantly reduce its imports over the next two years and intend to increase its own corn production. So far, the country has imported around 16 million tons per year. The main supplier is the neighboring USA. The US Department of Energy announced yesterday that average daily ethanol production rose last week, but the analysts' expected increases in production were not achieved, putting pressure on prices. Inventory levels have increased again recently.
Source
VR AGRICULTURAL
