Colosseum a.s. (Colosseum a.s.)
Commodities  |  September 17, 2012 14:16:28

Less demand for maize Suddenly it cost

ColosseumThe December corn contract today on the Chicago Board of Trade weakened by 1.7 percent to $ 7.68 per bushel. High price causes a decrease in demand for this commodity. U.S. Department of Agriculture estimates that in season 2012/13, the global consumption of corn reduced by almost 1 percent to 857 million tonnes. Export from the USA should be about 3.8 percent lower. Animal keepers vybíjajú herds to reduce costs. For the price are negative even speculation that Chinese imports forfeited in next year to 1 million from this year's 5.5 million tonnes.

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