Corn world market: futures market retains downward tendency

01.08.2016

Over the reporting week (July, 21 – 28) CBOT corn quotations continued to go down, but this time the decline was minor (-0.93%). Still, over the month corn quotations have lost 16%. Beneficial rain in the US corn belt was the key pressure factor, which compensated the impact of increased air temperatures.

Moreover, US meteorologists forecast moderate air temperatures during August, which will be favorable for formation of high corn crop. Corn plants are finishing the pollination stage without any obvious risks to corn development.

corn cme

 

 

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