The corn futures on Matif and CBoT started the weekend with gains. Ahead of the February wasde, the majority of analysts expect this season's ending stocks to be revised downwards. This expectation affects both US inventories and global ending inventories. The current situation in South America should also be a topic in the WASDE report. Traders and market observers are counting on a correction of the local harvest forecast. Argentina and Brazil have repeatedly suffered from a lack of precipitation and drought in the past few days and weeks.
Source
VR AgrarBeratung AG
