Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 14, 2013 10:39:28

Corn fell to a new monthly minimum

ColosseumThe ninth day of continued weakening in the course of the stock market yesterday, the Chicago Board of Trade CME Group within the most active futures contract on corn. It is the longest consecutive drop in price most active futures contract on corn for the last 32 years. The mentioned price development was supported by speculation, according to which an increase in favorable weather will help to improve the quality and the larger volume of crops in Argentina in the current year. According to the U.S. Commodity Weather Group amounted precipitation during Tuesday night in the growing areas of Argentina, around 2 cm and approximately 4.5 cm is expected in the next week. Decline in maize prices also contributed to the government report of February 8, in which the U.S. Department of Agriculture raised the estimate of the state of global corn inventories at the end of the current marketing year to 118.04 million metric tons.The January report WASD yet talked about 115.99 million. February WASD report was a surprise to analysts polled by Bloomberg, who, for the period expected to decrease the final inventory. Corn futures with delivery date in March weakened during yesterday's trading session on the exchange CBOT by 0.1% to the closing price of 695.5 cents per bushel.

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Kukuřice oslabila na nové měsíční minimum

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