Slight increase in corn

At its peak, the November contract on Euronext/Matif for corn reached 213.25 euros/t during trading, but fell again in the afternoon. At the end of yesterday's session there was a plus of 0.25 euros and a closing price of 211.25 euros/t on the display board of the Paris stock exchange. The tense situation in Ukraine with the recent attacks on Odessa and a Danube port are generally causing growth, but on the other hand, the current harvest in Central Europe is putting a strain on the market. The US harvest is also making good progress compared to last year and the average for recent years. Until September 24th 15 percent of the stocks were harvested. Last year at the same time it was 11 percent. The stocks in the fields were given a little better credit. At the end of the Chicago session, corn contracts closed with slight losses. For Brazil, the industry association Anec expects corn sales in September to be slightly lower than before. However, with 9.58 million tons of corn exports, a high level is still achieved and exceeds the September volume of the previous year by a significant 40 percent. Pre-market, corn contracts on the CBoT are rising again this morning.

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