CBOT corn prices lost 2.5% last week

05.07.2017

Over the period under review (June 22-29), CBOT corn prices lost 2.44%, while the monthly reduction reached 2.65%. In the spot market, the US corn export prices remained unchanged (July delivery), reports UkrAgroConsult.

Corn futures continued to decline under the influence of weather factor in the USA. Corn conditions in the USA remained at the previous week’s level (67% - in good and excellent conditions, 75% in 2016). corn cme

During June 15-22, the new-crop corn contracting was only 68.4 KMT, which was 45% less than a week before, and 87% less than the volume over the same period last season. Old-crop corn sales decreased 40% to 316.2 KMT, which was much lower than market expectations.

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

 

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