Weak corn sales

In the slipstream of falling wheat prices, corn on Euronext/Matif also fell yesterday. The front month of March closed with a loss of 1.00 euros at 196.50 euros/t. Overall, however, there were relatively few transactions on the stock exchange yesterday, which also reflects the situation on the domestic cash market. On the CBoT, however, there was a slight recovery in prices yesterday. However, this morning the contracts are trending with marginal losses in the pre-market. Yesterday's attempt at recovery was mainly justified by larger short coverings. However, the better rainfall forecasts for Brazil continue to have a negative impact. In Argentina, too, growing conditions have been improved by rainfall.

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