The flooding has driven up corn prices in the United States

the corn Futures in Chicago are rising for the fourth consecutive day and has already reached 149,6 $/t on the background of updated information on the damages caused by the floods in the Midwest, which affected roads, Railways, elevators, and some grain will not be delivered soon.

Excessive soil moisture does not allow you to start sowing of maize, that the amount of acreage under it may be reduced.

In Friday's report USDA the impact of the floods likely will already be taken into account and forecast the acreage of corn is reduced.

As of March 19, speculative funds increased short positions to a record 261,3 thousand contracts.

the Increase in weekly exports of corn from the US by 24% to a maximum of two months 996 thousand t also supported prices.

corn Prices in Ukraine are growing with the support of the American market. However, the manufacturers do not hurry to sell large quantities, and buyers do not have the ability to raise prices.

the bid Prices for corn rose to 177-181 $/MT FOB, while demand remained at the level 173-174 $/t FOB for shipments in April-may.

At the port of demand prices remain at the level of 160-161 $/t or 5100-5200 UAH/t, while in the domestic market are increasing. Processors offer 4700-4750 UAH/t with delivery to the plant, and the elevators prices have risen to 4500-4700 UAH/t at estimated cost of delivery to the port in the range of 700 UAH/t

For the week, the Ukraine reduced export of maize by 34% to 722 thousand tons. the EU is the main buyer of domestic corn continues to reduce imports of grain, and during the week has reduced it by 29% to 302,6 thousand tons Just 2018/19 MG EU imported 17,931 million tons of corn, which is 40% higher than the corresponding period 2017/18 MG (a week ago was in excess of 41%).