Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 26, 2013 10:08:28

Maize stocks in the U.S. are at their lowest in 15 years

ColosseumSeventh time in the last eight trading sessions the stock market has strengthened the Chicago Board of Trade within the CME group most active futures contract on corn. It was a response to the speculation, by which the U.S. Department of Agriculture (USDA) on Thursday's report confirms decline of commercial stocks of maize in the U.S. to a level fifteen minimum. Analysts polled by Bloomberg fell maize stocks in the United States on March 1 at 4.995 billion bushels, about 17% compared to the same period of the previous year and the lowest volume since 1998. The decreased inventory has its origins in the last drought, the worst since 1930, which reduced production last year by 13% to a total 10.78 billion bushels. Corn futures to the May delivery date strengthened during yesterday's session by 1% to the closing price of 733.25 cents per bushel.Since the beginning of the current month of increased price on the stock exchange CBOT corn already by 4.2%.

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