Mixed developments in the world agricultural product and industrial raw material markets

While 6/7 agricultural products decreased in price, many key products in the industrial raw materials group increased. Selling pressure continued to dominate, pushing the MXV-Index down another 0.27% to 2,112 points. Red covers the grain price list Closing yesterday's trading day, December contract corn prices dropped sharply by 1.76%, approaching the 4-year bottom set in the middle of this month. In the context of the US crop situation becoming more positive, selling pressure weighed heavily on prices right after opening. In the Crop Progress report published early yesterday morning, the US Department of Agriculture (USDA) said that about 68% of the country's corn area reached good/excellent quality in the week ending December 28. /7, up 1 percentage point from a week ago and above the 66% average market expectation. The US corn crop's quality improved despite the crop facing dry weather during the assessment week, raising concerns that the crop could be affected. Positive data ...