Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 18, 2013 11:10:28

Corn declined for the first time after eight days

ColosseumFor the first time in the last nine trading sessions weakened during yesterday's most active futures contract on corn at the Exchange Chicago Board of Trade within the CME group. This was due to a government report showing slowing demand from producers of alternative fuels and a decline in exports from the U.S. Department of Energy, the U.S. report revealed last week drop in ethanol production in the United States at the lowest level since June 2010, when it started to be referred to data published by the Ministry. Export corn in the week ending 10.01 recorded over the same period last year, a drop of 48%. Also, the volume of non-binding orders for corn consumption declined in that period compared to January of 2012 by 49%. Corn futures with delivery date in March weakened during yesterday's session at the exchange CBOT by 0.9% to the closing price of 724.5 cents per bushel.

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