European corn prices hit 9-month high on increased costs, stronger CBOT futures

European corn prices hit a more than nine-month high on May 5 due to increased origin costs, higher freight rates and stronger Chicago Board of Trade futures, according to brokers and traders in Spain, Italy and the Netherlands. Platts, part of S&P Global Energy, assessed ex-works Tarragona corn at Eur230.50/metric ton on May 5, up Eur4/mt day over day and 1.7% week over week. The price was theEuropean corn prices hit a more than nine-month high on May 5 due to increased origin costs, higher freight rates and stronger Chicago Board of Trade futures, according to brokers and traders in Spain, Italy and the Netherlands. Platts, part of S&P Global Energy, assessed ex-works Tarragona corn at Eur230.50/metric ton on May 5, up Eur4/mt day over day and 1.7% week over week. The price was theRead More