Spain remains the largest importer of corn in the EU

Corn exited the trading session yesterday with losses. The most traded June contract closed with a loss of 0.50 euros at 173.75 euros/t. The following August lost 0.25 euros/t with a settlement of 178.25 euros/t. Europe has 11.51 million in the current financial year. tons of corn imported. At this point in the previous year it was already 19.35 million tonnes. This means that the better European harvest is also reflected in the import figures. However, the EU Commission points out that data from Bulgaria has been missing from the statistics since January 2024 due to technical problems. To date, Germany has imported around 466,000 tons of corn from countries outside the EU. Spain remains in greatest demand with 5.26 million tons. But the Netherlands and Italy also show increased demand, each importing just over 1.3 million tons. Corn gained on the CBoT. As reported, the first corn harvest is going very quickly in Brazil. At the same time, farmers are also making progress with sowing the second corn crop. According to AgRual, planting is 73 percent complete. Last year at this time it was 56 percent. There were slight increases in corn contracts in Chicago this morning before the trading session.

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