Sowing in Brazil slower than last year

Euronext corn had to end the start of the week with a red mark. The March date slipped by one euro to 186.00 euros/ton. The bears were unable to prevail on the CBoT in yesterday's trading. Corn contracts closed trading in the evening with marginal gains. Above all, the solid prospects for the coming corn harvest in South America, as well as the continued high US inventories, slowed down profits yesterday. The bulls found support in rising soybean prices. In Brazil, sowing work continues. According to analysts, 4.9% of the targeted areas have been ordered so far. The result did not come close to the previous year's pace.

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