Grains - Grain Products

Corn: disaster mode in Western Europe

March 16, 2020 4:19 PM, Der AUDITOR
Play report as audio

PARIS. The corn markets continued to collapse in the USA and also in Western Europe. More and more countries are declaring national emergencies and disasters, and fears of a global recession are growing. In the food sector, retailers, shipping companies and industry are trying to maintain supply chains, which is likely to put logistics to a tough test. Avian influenza subtype H5 has been detected in laying hens in Saxony.

Corn markets are falling due to the emerging panic caused by the rapidly progressing Covid-19 pandemic in North America and Western Europe. Unfortunately, nothing has improved after the weekend, which is reflected in the stock and commodity markets worldwide. Today the Dow Jones fell by 9.19% to 21,055 points, while the DAX fell by 9.86% to 8,318 points. The volatility on the stock markets remains high, with possible sharp price rises, depending on the news situation, but at present it is more likely to fall. This also put pressure on the market. In Chicago, US corn was trading at USD 360.5

View related articles

Go to the News Overview
Jan 18, 2022
BEIJING/KIEV. Ukraine has been able to multiply its millet exports in recent years, but a significant drop in production is likely to affect this season's export volume. Meanwhile, there is a lack of demand in the Chinese market.
Jan 18, 2022
BEIJING/MOSCOW. Stocks are low in China, yet buckwheat prices have been adjusted again ahead of the New Year. Meanwhile, Germany's imports are down 13% this season.
Dec 15, 2021
KIEV. After Ukraine was able to continuously increase its millet exports in the past years, they will be significantly lower again in the 2021/22 season. The reason for this is the smaller production volume.
Dec 6, 2021
BEIJING. In China, demand for millet is currently so low that many processors have temporarily stopped producing. This is also causing prices to decline.