Corn futures were trading around the $7.6 per bushel level, the highest in nearly 8 weeks and not far from an almost 10-year high of $8.1 hit in April, amid renewed concerns over the grain supplies. Talks failed between Russia and Ukraine, the two major global corn suppliers, to resume Ukrainian exports, despite Turkish efforts to negotiate a safe corridor for grain stuck in Black sea ports. Ukraine said Russia was imposing unreasonable conditions and the Kremlin said free shipment depended on an end to sanctions. Meanwhile, Beijing and Brasilia completed key negotiations to start corn exports from Brazil to China following years of talks between both parties. . Historically, Corn reached an all time high of 843.75 in August of 2012. Corn Futures are available for Trading in The Chicago Board of Trade (CBOT® ) which was established in 1848 and is a leading futures and futures-options exchange. More than 3,600 CBOT member/stockholders trade 50 different futures and options products at the CBOT by open auction and electronically. The biggest corn exporters are the United States, Argentina, Brazil, Ukraine, and France. In 2020 five of them generated more than 75% of overall sales.

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