Manufacturers keep the sale of corn in anticipation of rising prices

corn Prices may soon rise, because farmers in many countries are holding back sales, forcing exporters to raise bid prices.

amid low demand due to the decline in prices and demand on the basis of CFR-buyer futures on corn in Chicago since the beginning of June fell by 24%.

Farmers having their own storage capacity, by reducing sales can influence the price of corn. Given that abundant harvests has run out, or are just planning to cleaning, the restriction of supply can stabilize prices after a series of significant drops.

In Ukraine, farmers almost do not sell corn, and give preference to the implementation of the sunflower and soy as they are collected. At the end of September, the country will begin harvesting corn, which may exceed a record 36 million tonnes of the 2018/19 season.

the Volume of production this year is a decisive factor of influence on prices in the United States. Bad weather during planting caused concern about the fate of future crops, so farmers began to restrain sales. But recent data from the USDA surprised the market with the higher forecast yield and greater than anticipated space. The increase in production estimates will affect farmers and will boost sales.

Brazil this year can collect 100 million tons of corn. New records monthly export exhausted the supply of farmers who are now moving on to selling soybeans.

Argentina completes the collection of 50 million tons of corn crop. Farmers wishing to earn on exchange, shipped corn export centre Up River for that award on the December contract fell 4 cents. However, the government forced all holdings in US dollars within 5 days to convert to pesos, which reduced the willingness of farmers to sell grain.

problems with the crop in South Africa, which is sometimes also exported corn, raised concerns about regional supply. So here restricted supplies to world markets, although buyers have already stocked up with cheap grains and not rush to buy at high prices.