Ukraine’s grain association projects its corn crop to sink 39% from last year
Corn rose for a third day in Chicago, heading for the longest rally since the war in Ukraine started, on sluggish sales from the country and further risks to future supply, reportsBloombergQuint.
Futures gained as much as 0.9%, moving nearer to the highest since 2012. Both the U.S. Department of Agriculture (USDA) and United Nationscut their outlooksfor Ukrainian corn shipments on Friday. Ukraine isshipping some commodities by rail, but exports abroad are limited because ports remain largely shut by the war.
The supply constraints are expected to persist into the 2022-23 season, with Ukraine’s grain association projecting the corn crop to sink 39% from last year.
US Corn Price Idx:ZCPAUS.CM
open: 7.3572
高:7.4683
low: 7.3093
close: 7.4283
US Soybean Price Idx:ZSPAUS.CM
open: 15.9894
high: 16.2624
low: 15.9882
close: 16.2588
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 10.2646
high: 10.5565
low: 10.2346
close: 10.5306
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 9.7092
high: 9.9318
low: 9.6941
close: 9.9167
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