The decline in demand continues to put pressure on corn prices

the May corn futures in Chicago in the past week fell by 3% to 147 $/t under pressure from forecast USDA about the increase in sowing areas of maize in 2019 and the fall in oil prices on Monday, just 3%, though by Thursday the price was back by 2.2%.

the Market is disappointed with the outcome of the South Korean tender, where the processors acquired 269 thousand tonnes Latin American corn for delivery in July at a price below $200/MT CFR, though before bought corn in June at a price 204-205 $/t CFR.

Traders little hope for China to buy U.S. corn, because he still has not bought a single game from announced for purchase in the USA 10 million tons of soybeans.

to Support the price of U.S. corn will increase the volume of its processing for ethanol, which will be included in the list of goods that China would export from the United States.

According to the EIA report, for the week, the US increased daily ethanol production by 32 thousand barrels to 1,028 million barrels, and the remainder decreased by 204 thousand barrels to 23.7 million barrels.

In Ukraine corn prices stopped falling at the rate of 160 to 162 $/t CPT, as lower prices have reduced the number of proposals. Due to the strengthening of the hryvnia purchase prices at the port fell to 5100-5150 UAH/t

Stable export demand supports the prices of demand at the FOB level 171-172 $/t, while prices are at 175 $/MT FOB for shipments in March.

For the week, Ukraine increased corn exports to a record 722 thousand tonnes, and in General in the current MG sold 15,84 million tonnes, which is 64% higher than the corresponding period last year. The main buyer is the EU, but the possible increase in demand from China, which has imported 1 million tons of Ukrainian corn with the predicted 3 million tons of experts However, if China starts to buy corn in the U.S. in the framework of trade transactions, the demand for Ukrainian grain will decrease, especially against ASF, still reigns in the country. Lower prices and non-GMO corn makes Ukrainian more attractive than the us.