As a result of the uncertainties surrounding Ukraine's sea exports, corn prices on Euronext/Matif are also rising. The November date increased by EUR 2.75 per tonne and ended the trading day at EUR 330.25 per tonne. France's Ministry of Agriculture estimates the corn harvest this year at 11.3 million tons. This is the lowest value for over 32 years. The first harvest reports from Germany also show that the corn harvest is going badly. The CboT went slightly south. Profit-taking was primarily responsible, but also uncertainties in relation to economic development. Corn stocks were downgraded by one percentage point in the USDA's weekly crop report. The corn harvest has already started in the USA. According to the USDA, 5 percent of the holdings are now brought in. Pre-market corn contracts in Chicago start the day with a red sign.
Source
VR AgrarBeratung AG
