06.
10.23
08:30

Solid corn export bookings in the US

The Matif prices were unable to benefit from the rising trends yesterday in the wheat market and on the CBoT. With the exception of the front month of November 2023, there were red signs for the trading dates; the front month itself increased marginally by 0.25 euros/t to 205.00 euros and was characterized by a low trading range and low sales volume during trading. Corn remains under pressure on the cash markets and little is likely to change in the coming days. The grain corn harvest is ongoing and there are sufficient quantities available. Offers from France, Hungary and Poland are also coming onto the market, particularly in southern Germany and along the Rhine, and are finding buyers in the feed industry, even if it is generally acting cautiously. On the CBoT, however, prices increased very significantly. Positive input from the wheat market had a supportive effect here. There are also increasing reports that heavy rain in Brazil has damaged the young corn sowing. US export bookings for the week ending September 28th With 1.8 million, they were friendly and solid. In premarket trading this morning, the contracts on the CBoT do not yet show a clear direction.

Source
VR AGRICULTURE
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