CBOT corn prices decreased 0.2% due to technical factors

27.02.2018

Over the period under review (February 15-23), CBOT corn prices decreased 0.16%, mainly due to technical factors, reports UkrAgroConsult.

However, in the spot market, the US corn export prices gained USD 2/MT FOB, while Argentinean corn supply quotations strengthened by USD 1/MT (March delivery).

The volume of corn, inspected for exports over February 08-15, surpassed market expectations, but remained below the same week last season. An increased demand for the US corn was noted from South Korea. corn cme

USDA experts announced new corn sowing area estimates in 2018 at 90 million acres, which is 0.2% lower than last year.

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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