Active export support corn prices

2019-05-02 12:07:24
Machine translation
Active export support corn prices

the corn Futures in Chicago with the beginning of the week grew by 3% to 145,3 $/t too slow of SEV, which reinforces the concern about the fate of future crops. According to the report USDA as at 28 April corn planted in the U.S. 15% of areas compared with the average 5-year rate at that date of 27%. Sowing after the optimum time can reduce the yield of maize.

 

Prices actively support the export of corn from the US, which rose last week to 1,366 million tonnes and the news about the possible signing of a trade agreement between the US and China before the end of may. CNBC reports that the controversial issues of countries can declare to may 10, when the Vice Premier of China Liu Xe will arrive in Washington next week. For the signing the President trump is ready to make concessions to China, reports The Financial Times.

 

strong demand from Iran and Egypt to Ukraine for the week increased corn exports by 20% to 714 thousand tons. However, the long weekend has reduced trading activity, which will lead to further growth in demand in the spot market.

 

As of April 26, Ukraine's corn planted 16.4 percent of the planned of 4.66 million hectares, which is significantly inferior to last year's figure on this date 32%. Powerful precipitation next week will not allow you to continue sowing at the optimum time, although the accumulated moisture reserves will have a positive impact on the crops.

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