CBOT corn prices strengthened slightly supported by strong US corn exports

05.09.2017

Over the period under review (August 24-31), CBOT corn prices strengthened slightly (+0.06% per week). In the spot market, export prices for Argentinean, Brazilian and US corn (September-October delivery) gained on average USD 1-2/MT, reports UkrAgroConsult.

In Chicago, the futures were supported by strong US corn export data for the week (August 17-24). The sales of old and new-crop corn reached 992 KMT, which exceeded the market expectations. Actual shipments since the beginning of the 2016/17 season are much higher than last year – 54.7 MMT (45.6 MMT over the same period last season). Nevertheless, the market was concerned about the low contracting of corn as for the reporting date – 2.04 MMT against 4.5 MMT last year.

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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