Grains - Grain Products

Corn: consumers are buying more canned goods

March 11, 2020 3:47 PM, Der AUDITOR
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PARIS. The corn markets were able to recover slightly due to an increase in crude oil prices, which are supporting the market via ethanol. The purchasing behavior of consumers, who tend to buy canned food and avoid fresh products due to the risk of a coronavirus infection, which is also increasingly affecting butchers' shops, is causing concern. This could affect the feed market as well.

In the USA, the corn markets were only able to recover to a limited extent from the price slumps yesterday. In Chicago, US corn was quoted at USD 378.00 per bushel in the afternoon, which is 0.8% lower than yesterday. EU corn lost 0.4% to EUR 165.50 per metric tonne in Paris. As expected, the WASDE report for March brought little news to the market. According to the report, the world corn crop will rise marginally to 1.112 billion metric tonnes, and world corn stocks were valued 0.1% higher than in February. In Argentina, the corn end stocks fell by 19.6% compared to February, due

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