CBOT corn prices went down 3% pressured by weather factor

08.08.2017

Over the period under review (July 27 - August 03), CBOT corn prices went down 2.89%, reports UkrAgroConsult.

The Brazilian and US corn export spot prices (August delivery) decreased by USD 1/MT and USD 3/MT, respectively, while Argentinean corn remained at the previous week’s level.

CBOT prices were pressured by the weather factor - a moderate temperature regime in the Corn Belt of the USA. Besides, last week corn harvesting started in the southern states of the USA. The recent data on the US corn conditions limited the price reduction. As of July 30, 61% of corn were in good and excellent conditions (62% the previous week, 76% in 2016).

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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