Grains - Grain Products

Corn: trade in France benefits from less import pressure

February 13, 2020 12:35 PM, Der AUDITOR
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PARIS. The corn market gained on the futures exchanges in the USA and Western Europe. On the physical market, corn prices remained rather depressed, even though corn imports from third countries into the EU decreased visibly. As Ukrainian corn is increasingly being shipped to China, this will ease the pressure on the French market to Spain and Italy. Corn is more attractive to feed manufacturers than wheat.

US corn was quoted at USD 3.80 per bushel in Chicago at noon, which is 2 cents lower than yesterday. In Paris, corn increased by EUR 1.00 to EUR 167.75 EUR per metric tonne. Hopes of a rapid economic recovery in China had given stock market values and raw material markets a boost again. On Tuesday, China still reckoned that new infections would decrease and that the epidemic could be over by April. This assessment seems to be outdated, as media reports indicate that the number of infection cases has increased dramatically. It remained unclear whether the US trade was already deduc

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