CBOT corn prices strengthened by 2% last week

28.11.2017

Over the period under review (November 16-22), CBOT corn prices strengthened by 2.07%, reports UkrAgroConsult.

Last week the US corn export prices (December delivery) increased USD 3/MT FOB. Brazilian and Argentinean corn supply prices gained USD 5/MT on information on the development of climatic phenomenon La Nina.

The following factors supported CBOT prices:

  • publication of the report on corn consumption in feed sector of the USA;
  • high weekly ethanol production in the USA;

The delay of corn harvesting campaign in the USA was another bullish driver. However, the record yield of incoming corn and its high stocks in the USA offset its impact.

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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