Chicago Corn Jumps 1.9% After Heat Damages Nearly a Third of French Crop
Updated
Updated · Bloomberg · Jul 6
Chicago Corn Jumps 1.9% After Heat Damages Nearly a Third of French Crop
1 articles · Updated · Bloomberg · Jul 6
Summary
Chicago’s most-active corn contract rose 1.9% on Monday as trading resumed after the US holiday closure.
FranceAgriMer said Friday that French corn conditions worsened after preliminary government estimates showed extreme heat may have damaged almost one-third of the crop.
France is one of the European Union’s biggest corn producers, making the heat-wave losses significant for regional supply expectations.
Traders are also watching hotter US temperatures, adding another weather risk to the global corn market.