Corn prices up 22 percent from a year ago

(Photo: Pixabay)

In Ukraine, the spot port price (FOB) of the crop increased by $13 to $249/ton during the indicated period. In Bulgaria and Romania, the spot market price of corn was $10 higher, at $253/ton (FOB) during the same period. In France (FOB Bordeaux), the price of the crop for the immediate-September delivery terms decreased by $19: immediate was $218/ton, June was $219/ton, August was $222/ton, and September was $223/ton on May 8. In Hungary, according to AKI PÁIR data, feed corn changed hands at an average producer price of HUF 77,100/ton in the second week of May, which exceeded the previous year by 22 percent. On the Chicago Mercantile Exchange, corn was quoted in the range of $174–179/ton in July between May 5 and 16. On the Paris Mercantile Exchange, the June settlement price of the crop fluctuated between EUR 192–198/ton at the same time.

AKI PÁIR