Data analysts have strongly influenced the current pricing on the stock exchanges of America. This has particularly affected the maize grain. For one trading session, the September quotes have fallen by 1.2% and for the month the decrease in the cost of corn amounted to 6,44%.
Increased and the forecast of ending stocks. Analysts estimated corn stocks in the United States in season 2017/18 MG will grow by 1.56 million tonnes to 59.3 million tons. The main reason for the increase in residue is low demand from the consumers of corn, in the first phase of ethanol producers.
The export forecast remained unchanged at 47 million tons. Exporters say that the last time the corn is very weak contractuels. According to official figures as of 8 September export contracts made up 9.46 million tons of corn by 41% than last MG.
Photo: ru.investing.com
Translated by service "Yandex.Translation"