On December 8-15, CBOT corn prices strengthened by 0.8%.
Last week US corn export prices (January delivery) strengthened by $2/MT, while Argentinean and Ukrainian corn supply prices remained unchanged.
Ethanol market still supported CBOT prices, particularly the data on record ethanol exports in October, as well as high US corn contracting pace, which exceeded market expectations.
The further price growth was limited by forecast rains in Argentinean arid regions, as well as by information on China’s intention to resume corn exports, especially after another rich harvest in October. (UkrAgroConsult/Business World Magazine)
