CBOT corn prices dropped 4% last week


Over the period under review (August 17-24), CBOT corn prices dropped by 3.75%, reports UkrAgroConsult.

CBOT prices were pressured by the results of field research in the USA, conducted by Farm Journal. The average corn yield was almost at level of the current USDA forecast. Corn productivity in the states of South Dakota, Illinois and Iowa was below average, while in Nebraska, Ohio and Indiana the productivity was above multi-year average values. corn cme

Precipitation in the US producing regions had a positive impact on spring crop conditions. The share of corn in excellent condition increased by 1% to 14% and, as of August 20, the share of corn in good and excellent conditions reached 62% (75% in 2016).

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".




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