World: Corn will fall by more than 30% in 2023, the first decline in six years

Foreign media news on January 1: As of the week of December 29, 2023, global corn prices continued to fall, with Chicago corn futures falling to near a three-year low, a decline of more than 30% for the whole year, ending the previous five consecutive years of rising prices. .U.S. corn production has hit a record, Brazil has a huge corn supply, Argentina and Europe are expected to have a strong recovery from their lows in more than 20 years, and Ukraine is working hard to resume Black Sea transportation, all of which have put supply pressure on corn. ​ Global corn will enter a bear market in 2023 ​ On Friday, the Chicago Board of Trade (CBOT) March corn futures closed at $4.7125 per bushel, down 0.4% from a week ago and 30.6% from the end of 2022; the spot price of No. 2 yellow corn for the January shipping date was $4.7125 per bushel. 5.1875 US dollars, down 0.2% from a week ago, down 34.3% from the end of 2022; Euronext's March corn futures closed at 198.25 euros/ton, down ...