Red signs in Paris - friendly corn price development in Chicago

Corn prices on the futures exchange in Paris closed the last trading day of the past week in red. The March date lost 1 euro at a closing price of 197.75 euros/t. This means that there will be a loss of 3.50 euros per tonne over the entire week. A lack of positive guidance from the wheat market and continued manageable trading on the actual market have recently put prices under pressure. But international regulations have also recently put pressure on corn. Ukraine's exports are making relatively good progress, even if they are of course well below the level from the time of the grain agreement. At the CBoT, corn headed north. Many market participants are of the opinion that last week's decline was a bit too strong. In addition, many investors are currently withdrawing in order to close out their positions at the turn of the year, which makes the price movements larger in some cases. The grain exchange in Buenos Aires assumes that around 50 percent of the planned corn cultivation areas in Argentina have now been cultivated. Good amounts of rainfall in the last two weeks have been good for the young sowing, and the farmers are confident about their maize harvest.In pre-market trading, the contracts fell slightly this morning.

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