Corn and soybean futures hit multi-year lows

Corn futures on the Chicago Mercantile Exchange on Friday fell below $4 a bushel for the monthly contract for the first time since November 2020, as the market was pressured by huge inventories in the U.S. and around the world.
Soybean futures in Chicago also fell as weekly U.S. exports fell to their lowest level since May last year. News that at least three U.S.-bound cargo ships were preparing to load soybeans at two ports in northern Brazil also pressured the market.
The speed of the drop in corn prices has stunned producers and market analysts, who say low prices could affect the U.S. agricultural economy as producers finalize their spring planting plans.
Read also
Victoria Golubyatnikova, SGS – Speaker at BLACK SEA OIL TRADE-2025, Bucharest
Over 700 thsd tons of Ukrainian grain were exported
Moldovan government approves sale of Giurgiuleşti port to Romania
In Central Russia, oilseed crops overtook wheat in terms of sown area for the firs...
Sunflower seeds harvest forecasts: Drought hits Ukraine, while Russia and Kazakhst...
Write to us
Our manager will contact you soon