The price of corn on the Chicago Grain Exchange recorded a drop of 7.50 cents in December/16 contracts on Monday (26.09), closing at US$ 3.29 per bushel. The other highlighted commodity positions closed the session with devaluations between 6.75 and 7.50 points.
The North American corn market opened the week with heavy losses in the main futures prices, pressured by the forecast of a lull in the rains in the Corn Belt. The USDA (United States Department of Agriculture) reported yesterday that 15% of the area planted in this 2016/17 harvest was harvested, an increase of six percentage points compared to last week
Source: Agrolink
