Corn futures hit four-month low on big US crop, export worries
6 Articles
6 Articles
Corn Extends Loss to Hit Four-Month Low on Supply, Peace Hopes
Corn prices, which reached a three-year high in September due to geopolitical developments and supply concerns, experienced a sharp decline in October. The price per bushel fell by 10.6 percent, recording the fastest monthly loss since June 2023. 🚆
The Chicago Stock Exchange ' s futures contracts declined during Wednesday ' s dealings, reaching their lowest levels since the beginning of July, influenced by the prospect of abundant supply in the US, as well as prospects for peace in the Black Sea region. The consulting firm Stone XGrub raised its expectations for American corn production to 16.203 billion Pushls - according to yesterday ' s latest Tuesday survey - [..] the co…
Future corn contracts negotiated on the Chicago Stock Exchange (CBOT) fell to the lowest listing in four months on Tuesday, while soybean prices reached the lowest listing in two and a half months, due to the expectations of abundant harvests in the US and concerns about demand for exports, according to analysts. Future [...]
American production, higher estimates for the Brazilian harvest and the need to advance consumption pressure the quotations of cereal in the American stock exchange
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