Author Archives: Khanh Huyen

THE ANIMAL MARKET ON 12/8– 16/8/2024

CORN CBOT corn prices rose on Monday after the U.S. Department of Agriculture forecast a larger corn crop than its July estimate, though it anticipated a lower-than-expected acreage. Meanwhile, analysts surveyed by Reuters predicted that the agency would lower its rating for this grain by 1 percentage point by the end of the day. CBOT…

THE ANIMAL MARKET ON 22/7 – 26/7/2024

CORN The CBOT corn price increased sharply on Monday due to short-covering and the spillover effect from soybean futures, as market participants unwound short positions that had been established in anticipation of Trump’s potential re-election. The CBOT corn price extended its gains into the second day on Tuesday, with the most active ZC1! contract reaching…

THE ANIMAL MARKET ON 15/7 – 19/7/2024

CORN Corn prices on the CBOT fell to $4 per bushel in the Monday session, hitting a more than 3.5-year low, due to brighter supply prospects and lackluster demand. According to analysts, CBOT soybean and corn prices rallied strongly on Tuesday after touching multi-year lows, driven by bargain hunting and forecasts of lower-than-expected crop yields…