CBOT corn futures declined considerably last week

15.03.2017

During March 02-09, CBOT corn prices declined considerably (-4.26%), reports UkrAgroConsult.

The recent USDA WASDE report pressured the market, as USDA experts increased the estimate of corn production in Brazil (+5 MMT to 91.5 MMT), Argentina (+1 MMT to 37.5 MMT) and Republic of South Africa (+1.6 MMT) in the 2016/17 season. corn cme

Nevertheless, according to various South American analysts, the real potential of the Argentinean corn crop is even higher than the current estimates, and they may be raised in the short term. The USDA estimate of the world's ending stocks of corn was revised upwards to 220.7 MMT (+3.12 MMT).

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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