Ukraine is still a big headline driver in agri-commodity markets. Progressing talks saw global supply concerns easing last week, pressuring grain prices. However, Kyiv seeing conflict for the first time in a month today has reignited worries.
“This week, a meeting is due to take place between Ukraine, Russia, Turkey, and the UN to discuss an export corridor. If Ukrainian ports were to reopen and a deal made, prices will see pressure according to the UkrAgroConsult.”
Looking to the US and, after a delayed start to corn planting there, progress has picked up notably in recent weeks, commented CRM Agri. “This year’s planting campaign is now ahead of average.”
Crop condition scores will be the next key focus for US corn, but due to the confidence inspiring levels of rainfall, good condition scores are expected, said the UK analysts.
Ukraine continues to be a concern for corn supply but US confidence builds
Europa
