World and Ukrainian corn markets are in the traditional festive period of reduced activity.
For the global corn market, logistical problems remain an important factor due to the disruption of traditional sea routes. Shallowing of the Mississippi River in the US and the Panama Canal limit US export opportunities. The terrorist threat to shipping in the Red Sea affects global trade as a whole. Thus, for Ukraine, it means a potential decrease in opportunities to sell its agricultural products to Asian markets.
- Corn on the Chicago Stock Exchange (ZCH4) was up $0.11/bu and currently stands at $4.73/bu.
- The March corn contract on Euronext (EMAH4) decreased by 0.5 €/t and is 199.25 €/t.
- Prices for corn on the terms of CPT Port Danube are 163-170 $/t, and on the terms of CPT Odesa ports – 160-165 $/t.