CBOT corn prices strengthened by 8%

18.07.2016

During July 14 - July 07, CBOT corn prices strengthened by 7.99%. Publication of July USDA WASDE report was the main growth driver. USDA experts reduced their estimate of Brazilian corn production and exports in season 2015/16 by 7.5 MMT to 70 MMT, and by 4 MMT to 18.5 MMT, respectively. At the same time the estimate of corn exports from the USA in season 2015/16 was raised by 1.9 MMT to 48.26 MMT. Due to Brazilian crop production changes, the estimate of world corn harvest in the 2015/16 marketing year decreased to 959.79 MMT (-6.58 MMT compared to June estimates).

Besides, market operators are concerned about high air temperature expected in major producing regions of the USA, as they can damage corn plantsю

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".

 

 

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