CBOT corn prices went down again pressured by USA high crop expectations

26.07.2016

During the period under review (July 14-21) CBOT corn futures went down (-7.73%). The US meteorologists’ forecasted that high air temperatures will be short-term in the major producing regions, and that factor pressured prices.

Moreover, corn condition in the USA remained at previous week’s level. Nearly 76% of plants were in good and excellent conditions, which was much better than last year (69% in 2015.). Crops development is ahead of last year and five-year average, and moisture reserves in corn fields are high enough.

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


 

Readers choice: TOP-5 articles of the month by UkrAgroConsult