28.
11.22
14:53

US corn exports with no surprises

Corn contracts took over the bullish sentiment from the wheat market on Friday and ended trading with a slight plus. The March date increased by one euro to 304 euros/ton. In the EU, the Commission's experts expect maize production to fall from 1.6 million tons to 53.3 million tons. The signs were also green on the Chicago Stock Exchange. All dates recorded moderate price gains. With an export volume of 1.85 million tons, business was solid and confirmed the expectations of market participants. Mainly due to the development in Ukraine and the significantly slower exports, US business could pick up speed again. Many buyers are looking around for new delivery options so that there are as few delivery bottlenecks as possible.

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