Corn prices heading to Europe risk falling to $190-195/t CPT as early as December.

This is reported by Spike Brokers. At the same time, exports are progressing slowly due to logistical problems and competition in the European market. Analysts say that corn export shipments are gradually increasing but remain at a record low level of 485 thousand tons compared to 1.3 million tons during the same period last year. "It is expected that reaching the 10 million ton mark in the harvest this week will accelerate grain shipments in export directions. A significant part of agricultural holdings has already sold, if not 90%, then approximately 50-75% of the expected corn harvest with deliveries for November-January. Under these conditions, saturation of export channels with shipments is expected from the beginning of November," the report states. In the ports on the spot market, prices are holding with a premium for deliveries up to November 10, where buyers are willing to pay up to $207/ton. However, due to the unpredictability of logistics, this premium is mostly ...