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Recorded yields of corn suppress the price and US exports

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The battle for export of corn escalates as supply in the US is under pressure from the last very good harvests in Brazil and Argentina. US export-oriented producers registered 322,672 tonnes of exports during the week ending 12 October. This is the bottom for exports of US maize, the values ​​currently being equivalent to those of 2015. "It is difficult to compete in this global market, except in cases where we have a cargo advantage," said Arlan Suderman, chief commodity specialist at INTL FCStone.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov


 Varchev Traders

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