Yesterday's drop in oil prices by 15-18%, caused by hopes for a quick end to the war in the Middle East, led to a speculative decline in stock market prices.
원본 콘텐츠
The 15-18% drop in oil prices yesterday, caused by hopes for a quick end to the war in the Middle East, led to a speculative decline in Chicago corn futures, which in turn increased pressure on export prices in Ukraine. This is reported by GrainTrade. Chicago May corn futures fell 1.3% to $175/t yesterday (-1.3% for the week, -1.3% for the month). They are additionally pressured by expectations of reduced consumption forecasts and increased stocks in the new USDA report. June corn futures on the Paris exchange fell 1.7% to 205.5 €/t or $240/t yesterday (-1.7% for the week, 0% for the month). In 2025/26, the EU imported only 9 million tons of corn out of the projected 19.5 million tons, with 40% supplied from Brazil, 30% from the USA, and only 25% from Ukraine, although before the introduction of duties, Ukraine was the main corn supplier to the EU. Given the significant stocks of cheap feed wheat, the import forecast may be adjusted. In Ukraine, corn export prices remained at ...