CBOT corn prices gained 3.7% last week

12.09.2017

Over the period under review (August 31 - September 07), CBOT corn prices gained 3.7%. In the spot market, the US corn prices remained unchanged, reports UkrAgroConsult.

The USDA published an update of corn conditions. 61% of corn were in good and excellent conditions, compared with 62% the previous week. Last year, this rate equaled 74%. Only 12% of plantings were ripe, compared to the five-year average at 18%.

The share of acreage with the moisture content of the upper soil layer from "low to very low" reached 38%. Moreover, within the next few days no precipitation is forecasted in the Corn Belt of the country. corn

As regards weather phenomena, market participants were more focused on the movement of another hurricane - Irma, although most of experts agree that it will not reach grain-producing regions.

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