Corn prices rose sharply amid increased purchases by China

March corn futures in Chicago on Friday played pre-3-day decline and rose by 3.6% to 153,3 $/t on the rumors about the search for Chinese customers, parties corn on the West coast of the United States. These rumors though were not supported by the actual procurement, however, gave speculators a reason to heat up prices.

have slowed the market news about purchase South Korean refiner batch of U.S. corn for delivery in April at a price of 215 $/t

Asian buyers in anticipation of new year holidays reduce trading activity, so the prices of demand on the physical markets will remain stable.

Brazil's active exports of corn led to its shortage in the domestic market and rising input prices, despite a record harvest of the current season at the level of 100 mln tonnes

the Brazilian of the March futures on corn on January 14 updated maximum wins with 52.86 BRL/bag, but last week fell 3% after news of the acquisition by JBS, one of the world's largest meat producer, party of Argentine corn. It is expected that a significant portion of the acquired volume will move by truck directly across the border with Argentina's southernmost state of Brazil, Rio Grande do Sul.

In Ukraine corn prices in n' Friday declined slightly, since after the growth of demand prices on CPT-port to 170-171 $/t they are higher than demand prices on FOB 179-180 $/t. Traders to raise prices due to the low activity of producers that held back sales on the background of gradual growth of prices. However, the end of the long weekend and the need to increase working capital on the eve of spring field work in the near future will increase the number of proposals.