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Corn prices fell due to China's demand may decrease

Corn prices fell due to China's demand may decrease

Corn prices fell for the first time in 3 sessions on concern China may reduce the overhang of U.S. imports when domestic sources increased.
According to a forecast by economists of the U.S. Department of Agriculture, corn storage of China may have reached 60 million tons before starts entering this year's harvest. Avian flu in China that reduces the demand for corn.

Corn Prices May delivery on the Chicago Mercantile Exchange fell 1.9% to $ 4.785 / bushel.

 

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