The front month of June rose yesterday on the Euronext/Matif to EUR 261.75 per tonne and was thus able to more than make up for the losses of the previous day. The other dates also increased, the August contract rose by 3.25 euros/t and also closed the trading day at 261.75 euros/t. On the spot markets, sales remain very manageable, Mais fot Brake was given yesterday at 254 euros/t, unchanged from the previous day. Criticism of the large Ukrainian corn exports came from Poland yesterday. In a speech, Prime Minister Morawiecki called for regulatory measures to accommodate the "flooding" of the EU market with Ukrainian grain. In the countries neighboring Ukraine in particular, large quantities of grain, especially maize, arrive via the overland passages, which puts significant price pressure on domestic producers. On the CBoT, the corn contracts closed mixed yesterday, but the two front dates were able to gain. With regard to the upcoming corn sowing and corn harvest, many traders are already positioning themselves for the USDA's annual report, which is to be published on Friday and is to contain statements and figures on the planned US acreage.Pre-market corn prices on the eCBoT are mostly slightly weaker today.
Source
VR AGRICULTURAL
