On December 1-8, CBOT corn prices gained 4.46%.
On the spot market US corn export prices recovered to the previous week’s level. Brazilian corn prices increased on average by $7/MT, while Argentinean corn prices rose by $4/MT.
CBOT futures were supported by the following factors: positive data on ethanol production in the USA and lack of precipitation in some South American regions. (UkrAgroConsult/Business World Magazine)