Traders are closely watching the corn market
the December corn futures in Chicago fell by 0.4% to 137,55 $/t for excessive volume of global supply and low demand.
supported prices news about the increase last week ethanol production of 52 thousand barrels to 1.02 bbl/day.
Now traders are closely watching the sowing campaign in Brazil and harvesting grain in the United States.
Dry conditions delay sowing corn safrinha in Brazil, in recent months the amount of precipitation was 50% below last year.
In the United States, farmers actively harvested soybeans, while corn is left in fields, hoping to reduce the cost of drying. As of October 15, threshed 28% of the area of corn, up from 44% in the same period last year 2016 and 47% in average of 5 years.
In Ukraine corn prices continue to grow due to increased demand from clients who are trying to attract the maximum volume of the grain on the first trial of the party.
third obmolocheno space now collected 7 million tons of corn at an average yield of 4.35 t/ha.
the Best yield was obtained in the following areas:
Zhytomyr — 7,4 t/ha (threshed 15% of area);
Khmelnytskyi — 7,3 t/ha (threshed 13% of the area).
- Chernihiv — 7.5 t/ha (threshed 10% of area);
Traders for Ukrainian corn are offered at the port 148-149 $/t or 4600-4700 UAH/t, 1-2 $/t more than last week.