Corn Jumps as French Crops Damaged by Intense European Heat Wave
6 Articles
6 Articles
Corn Jumps as French Crops Damaged by Intense European Heat Wave
Corn prices rose to new heights at Euronext. Wheat prices, barley and rapeseed prices also rise.
Corn prices rose on the Chicago Board of Trade today as markets assessed the impact of extreme heat in several European countries on this year's corn harvest. September corn futures contracts climbed 2.07% from the previous close to $4.316 per bushel. Bloomberg quoted Joe Davis, director of commodity sales at Futures International, as saying, "If the heat wave leads to a further decline in potential crop yields, corn and wheat prices could conti…
A new heat wave affecting Western Europe, especially France, is starting to influence the development of the grain market again. Forecast temperatures are around 8°C above the seasonal average, and in many regions will exceed 35°C, amplifying concerns about the state of the corn crop. The heat wave is rapidly damaging the corn crop in France […]
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