CBOT corn prices decreased due to higher US stocks and upcoming harvesting in South America

19.01.2017

CBOT corn prices closed the reporting week down 0.39%, due to low US corn exports during the holiday season. The data on corn stocks in the country as of December 01 exceeded average market expectations, reports UkrAgroConsult.

The upcoming corn harvesting in Argentina and Brazil was another bearish factor last week. Latin Americancorn cme analysts improved Brazilian corn production estimates for the 2016/17 season. Currently the estimates vary within 84.5 – 94.9 MMT (USDA - 86.5 MMT, compared to 66.57 MMT in the 2015/16 season).

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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