CBOT corn prices grew supported by US weather factor


Over the period under review (June 01-08), CBOT corn prices grew by 3.66%, reports UkrAgroConsult.

Concerns about hot weather conditions in the eastern Corn Belt of the USA (Illinois, Indiana, Ohio), expected in the weekend, supported corn prices the most. Corn conditions in these states were below the multi-year average, and worse than the last year's. corn cme

Besides, market operators concerned about the damage caused by rains in April and May. According to observations over the past 50 years, after excessive precipitation in spring, in most cases average corn yield was 1% lower than the trend productivity.

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