CBOT corn prices lost 0.7% last week


Over the period under review (January 19-26), CBOT corn prices lost 0.71%. At the same time, some reduction of export prices in Argentina and increase in US prices was observed in the spot market, reports UkrAgroConsult.

Corn futures in Chicago were pressured by the US Dollar strengthening against the other world currencies at the end of last week. Moreover, prices were down on fears of market operators on a possible reduction of US corn exports to Mexico after intense talks between the Chiefs of two States. The further reduction was limited by the data on high weekly US corn exports (January 12-19), and the sale of several large corn consignments for delivery in the 2016/17 season.

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