By the end of trading on Wednesday, the price of grain contracts fell. Corn fell on the background of dry weather in the Central West of the USA that will allow manufacturers to accelerate the pace of sowing. Corn fell to the lowest prices in two weeks amid hopes to accelerate the fieldwork, which were slowed by cold and wet weather. Only 3% of U.S. corn was planted as of Sunday, while the average five-year rate is 6%, according to the Ministry of Agriculture.
Wheat fell on forecasts of rainfall, according to MDA Weather Services, in some areas of southern Great Plains are expected this weekend. Nevertheless, according to the agency, wheat, which lacked moisture came out of hibernation and get a little relief after a full and prolonged absence of rainfall.
Trading session ended on April 16 with the following indicators:
- Wheat (May) - 688.00 c / b (-13.75);
- Corn (May) - 497.50 c / b (-6.25).