Slightly improved condition rating for US corn

The corn contracts in Paris could not find a uniform direction. The most traded November lost one euro and ended the week with a settlement of 229.00 euros/ton. The signs on the CBoT were red yesterday. The latest weather reports caused selling pressure. In the important growing areas, the forecasts came true and there was heavy rainfall, which improved the tense drought situation. The USDA also reacted to this and raised the condition assessment for the corn stocks by 2% compared to the previous week. Maize exports fell by 538,220 tons, just below last year's result of 555,620 tons. In addition, a sale of 251,460 tons towards Mexico was confirmed yesterday.

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