14.
06.22
09:49

Weather determines US corn market

Corn in Paris was also able to gain slightly in the slipstream of wheat prices. Even if the profits remained manageable. On the CBoT, the contracts were mixed. While the contracts of the old crop in particular were negative, the later dates increased slightly. A lack of specifications from the soy complex and the weakening US export figures put the futures under pressure. The USDA inspected around 1.1199 million tons as of last Thursday, which is around 17.7% below the level of the previous week. Cumulatively, exports amount to 44.96 million tons and thus do not match the previous year's result of 52.6 million tons. Market participants are now increasingly focusing on the weather in the coming days around the corn belt.

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