Currently, competition in the global corn market is intensifying. Thus, there are few prerequisites for further growth in corn prices, especially in the absence of new developments.
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Currently, competition is intensifying in the global corn market. Thus, there are few prerequisites for further growth in corn prices, especially in the absence of new shocks in the energy and fertilizer markets and under favorable weather conditions for the new harvest. Victoria Blazhko, head of editorial content and analytics at ASAP Agri, shared this in an author's column for The Ukrainian Farmer magazine. According to her, the United States continues to actively implement last year's record corn harvest. Argentina has also entered the market, in particular, resuming supplies to China. And from July, Brazilian corn will appear, which will compete with us on the European market and the Middle East. "Theoretically, the Ukrainian market still has a short window until July when demand from the Middle East, which has recently remained unstable due to geopolitical factors, may intensify. This may temporarily support prices, but this factor has a limited time horizon," noted Victoria ...