CBOT corn prices strengthened by 7% last week

11.07.2017

During the period under review (June 29-July 06), CBOT corn prices strengthened by 6.62%. Substantial support was provided by the growth in adjacent wheat market, reports UkrAgroConsult.

Despite the improvement of the US corn conditions, CBOT prices increased. During the week, the share of corn in good and excellent conditions improved by 1% to 68% (75% in 2016). However, market operators were concerned about high air temperature in the US Corn Belt, to which plantings are particularly sensitive during the pollination phase. Already this week, a significant worsening of crop conditions is expected. corn cme

Besides, the prices were supported by the publication of USDA estimates of corn planted area in the USA in the 2017/18 season (-3% year on year).

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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