CBOT corn prices slumped by 5% last week

27.06.2017

Over the period under review (June 16-23), CBOT corn prices slumped by 4.43%. In the spot market, the US corn export prices lost USD 5/MT (July delivery).

The weather remained the main bearish factor - rains are forecasted in producing regions of the Midwest, which should have a positive effect on corn conditions, reports UkrAgroConsult.

Besides, meteorologists forecast a moderate temperature regime, which contributes to normal crops development during the pollination stage. Corn conditions in the USA remained unchanged (67% - in good and excellent conditions, 75% in 2016), but the share of corn in excellent condition increased to 12% (10% the previous week).

corn cme

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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