Grains - Grain Products

Corn: disaster mode in Western Europe

March 16, 2020 at 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
Grains
Feb 28, 2024
DALIAN. Buckwheat quotations are surprisingly firm in China considering that export demand is on the rise. Germany's imports from China surged by 44% in 2023.
Grains
Feb 28, 2024
DALIAN/WIESBADEN. Farmers in China are reluctant to sell millet. Germany has slashed its imports from China by 20%.
Grains
Feb 7, 2024
DALIAN. Large stocks and low demand could put pressure on prices; this is not immediately apparent to foreign buyers due to increased freight costs, nevertheless it is causing concern for Chinese exporters.
Grains
Feb 6, 2024
DALIAN. High freight costs are making buckwheat trade difficult for Chinese exporters. In addition, domestic demand also leaves much to be desired.