CBOT corn prices gained 2% supported by weather and currency factors


Over the period under review (January 18-26), CBOT corn prices gained 1.8%, reports UkrAgroConsult.

The US corn prices added USD 2/MT, while Brazilian and Argentinean wheat supply quotations strengthened by USD 3/MT and USD 2/MT (February delivery), respectively.

The drought in South America, as well as depreciation of the US dollar against other world currencies remained the main bullish factors. corn cme

It rained in northern regions of Argentina. However, other regions still remained without precipitation. High air temperatures and deficit of rainfalls will reduce crop potential in 2018.

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".

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