CBOT corn prices strengthened last week supported by US weather

04.10.2017

Over the period under review (September 21-28), CBOT corn prices strengthened 0.63%. In the spot market, the US corn prices gained USD 3/MT, Argentinean corn quotations increased by USD 1/MT, while Brazilian corn prices remained unchanged.

The weather supported CBOT prices - dry and hot weather persisted in the Corn Belt of the USA. This situation was observed after a period of shortage of effective temperatures, which prevented the timely development of crops and provoked a corn harvesting delay. By September 24, the US farmers had gathered corn from 11% of the intended area (14% in 2016, 17% - the five-year average).

China increased corn imports, mainly from the USA and Ukraine, which was also positive for the market, reports UkrAgroConsult.

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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