Global feed market: U.S. corn prices decline, highlighting seasonal harvest pressure

On Friday (September 19), Chicago Board of Trade (CBOT) December corn futures closed at $4.24 per bushel, down 1.4% from a week earlier; U.S. Gulf October shipment corn was $5.0750 per bushel, down 1.5%. Euronext November corn closed at 187.50 euros per ton, up 0.4%. Argentine corn FOB prices were $201 per ton, up 1%. Brazil's B3 exchange corn futures were 65.32 reais per bag, up 0.4%. This week, international crude oil futures rose slightly as the market expected the first U.S. Federal Reserve interest rate cut this year to stimulate energy consumption, although this positive impact was offset by concerns over ample supply and weak demand. December Brent crude futures, the global benchmark, were $66.04 per barrel, up 0.05% from a week earlier. On Friday, the ICE U.S. Dollar Index closed at 97.27 points, up 0.13% from a week earlier. Over the past week, Chicago corn futures have fluctuated downward, with the overall market sentiment bearish. Price fluctuations were mainly ...