CBOT corn prices decreased last week pressured by higher world production and ending stocks

19.12.2017

Over the period under review (December 07-14), CBOT corn prices decreased 0.7%, reports UkrAgroConsult.

During the reporting week, a bearish trend in the market was triggered by publication of the December USDA WASDE report, as well as by weekly data on the US corn exports. The experts raised the world corn production estimate by 0.85 MMT to 1044.75 MMT, due to an increased crop estimate for the EU and China. The world's corn ending stocks forecast was raised by 0.22 MMT to 204 MMT. corn

During the week (November 30 - November 07), 867 KMT of corn were contracted, that was 1% more than the previous week, but 42% less than over the same week last year. This data continued to disappoint the market.

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

 

Readers choice: TOP-5 articles of the month by UkrAgroConsult