The corn contracts in Paris ended yesterday's trading mixed, the upcoming November front month rose by 1 euro to 323.25 euros/t. France's analyst firm Strategie Grains has revised its forecast for the EU corn harvest downwards by a significant 2.1 million tons. According to this, 65.4 million tons of corn are to be harvested in the 27 states. The analysts cited the drought and extreme heat of the past few weeks as the reason. In the US, corn prices rose again yesterday. Although the temperatures could be a little lower than they were yesterday and the day before yesterday, there is still no sign of precipitation. Positive guidance in soybean and CBoT wheat provided support for corn contracts. Pre-market prices on the eCBoT are slightly weaker today.
Source
VR AgrarBeratung AG
