Scoreboards near the corn are red

Corn contracts on Euronext/Matif continued to post moderate losses. The most traded November recorded a drop in price from EUR 3.50/ton to EUR 233.00/ton. According to the EU Commission, a massive drop in imports is expected, especially for corn. According to the information, these should amount to 17.0 million tons (-8.8 million tons). Meanwhile, the USDA announced that around 29% of US corn stocks are in the dough stage, a trend similar to previous years.

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