30.
08.23
08:31

Talks between Erdogan and Putin on September 4 - corn in the red

Maize was also unable to record any growth yesterday and closed November, the most traded front month, at a closing price of 213.75 euros/t, 1.75 euros/t lower than the day before. The talks announced between Presidents Putin and Erdogan on September 4, which will deal, among other things, with Ukraine's grain exports, are weighing on trade in Paris. Further precipitation in Germany will benefit plant development, with eastern Germany in particular likely to benefit from precipitation today. Prices on the CBoT are also sliding downwards, corn in December is currently being traded at the equivalent of 176.50 euros/t. For Canada, the country's statistical agency has predicted a corn harvest of 14.73 million tons, which would exceed the previous year's result by around 200,000 tons. Nevertheless, the corn harvest is somewhat lower than analysts had expected in advance. It stays hot in the US growing regions. However, contrary to expectations, the USDA only reduced the condition ratings in the two best categories to 56 percent, analysts had expected significantly weaker ratings.Pre-market, this morning's CBoT contracts can partially make up for the previous day's loss and show up with friendly tendencies.

Source
VR AGRICULTURAL
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