Corn prices continued to decline under the pressure of macroeconomic expectations, despite the good performance of export sales from the USA. Barva Invest analysts reported on the Telegram channel. BAGE lowered its forecast for corn production in Argentina in the current season from 41 million tons to 37.5 million tons. South Korea will hold a tender for the purchase of 69,000 tons of corn.
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Weekly export sales of American corn amounted to 1,525,300 tons, of which 113,200 tons were new crop. The supply of corn on the Ukrainian market remains significant, while demand continues to slow. Currently, the May corn contract on the Chicago Stock Exchange (ZCK3) is down $0.14/bu to $6.11/bu. The May corn contract on the Black Sea exchange (BCFK3) also decreased by $1.0/t to $256.75/t. Corn on the terms ...
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