Corn prices in the U.S. market

Lead: London News: in the week ending March 15, corn prices rose as a result of large orders from the US Department of agriculture, while wheat prices remained stable In the first week of March, corn exports increased from 398000 tons in the previous week to 1044000 tons, which reached the highest point predicted by analysts and played a great supporting role in corn prices Meanwhile, the U.S Department of Agriculture announced that a buyer has placed an order to buy 110000 tons of American corn, and Japan will also buy 8.5 tons of corn from the United States In addition, the weakness of the U.S dollar is conducive to U.S exports, so the price of corn rose The U.S Department of agriculture also announced that tests showed no foot-and-mouth disease was found in Kansas Previously, it was suspected that five cows in the state were infected with foot-and-mouth disease, which, if confirmed, would reduce the demand for corn due to the destruction of herds Although the decline of U.S exports put great pressure on the price of wheat, the price of wheat is basically stable due to the bad weather conditions in American production areas On the Chicago Board of trade, the price of a bushel of wheat (27.2kg, delivery in March) fell slightly to 272.00 cents from 272.50 cents a week earlier The price of a bushel of corn (25.4kg, delivery in March) rose to 203.00 cents from 200.75 cents a week ago On the London International Financial Futures Exchange, the price of a ton of wheat (delivered in March) rose to £ 70.40 from £ 68.50 last week.