CBOT corn firms on renewed global supply worries

Novorossiysk Commercial Sea Port PAO

04/08/2023 19:29

CHICAGO, Aug 4 (Reuters) - Chicago Board of Trade corn
futures firmed on Friday, after eight sessions lower, following
a Ukrainian drone attack near a Russian grain port renewed
concerns about Black Sea grain supplies, analysts said.
    *         CBOT September corn  CU3  added 3-1/2 cents to
$4.84-1/4
per bushel. Most-active December corn  CZ3  added 3-3/4 cents to
end at $4.97-1/4 per bushel.
      
    *         For the week, the most-active contract  Cv1  fell
6.18%.
      
    * A Ukrainian drone attack near the Russian export hub of
Novorossiysk rekindled global grain supply fears. The port
temporarily halted all ship movement before resuming normal
operations.
    *         Corn imports to the European Union so far in the
2023/24
season 1.17 million metric tons by July 30, down from 1.63
million a year earlier, data published by the European
Commission showed.


 (Reporting by Christopher Walljasper
Editing by Marguerita Choy)
 ((Christopher.Walljasper@thomsonreuters.com; 1 630 269 3072;
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