CBOT corn futures are under the influence of Argentinian weather factor

13.01.2017

Over the period under review (December 29-January 05) CBOT corn prices strengthened by 1.75% amid an upward trend in the adjacent wheat market, reports UkrAgroConsult. Besides, rains in Argentina may soon become another growth driver, as there is a risk of fields flooding.

The market was also supported by the export sales data. Since the marketing year’s beginning, the US corn exports are 80% ahead of the same period last year.

On the other hand, the upcoming corn harvesting in Argentina and Brazil, which is expected to start in a month, restrains the recent corn prices growth.

Check up prices and enjoy free online charts on our website. Daily updated commodity exchange prices (CBOT, ASX, BCE, MATIF, WCE, LIFFE) and cash market quotations for wheat, corn, barley, soybean, sunflower and other agricultural commodities in Ukraine, Black Sea region and world are available in section "Prices and Futures".

 

UkrAgroConsult

 

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