Corn Because of bad weather conditions in the United States and their subsequent effect on corn crop conditions, CBOT continued its rally. The CU12/CZ12 spread, which was steady at a 5-cent inverse, started to show huge volatility between 10-25 cents per bu. In light of this situation, traders disregarded CU12 and asked for bids under CZ12 for Argentine old crop corn.Argentine premiums started the week weaker for spot shipments (August/September) with a lack of demand. With this downgrade and offers around -40 CZ, demand awoke and some trades were reported below -40 CZ. We estimate that about 0.25 MMT were traded recently, with Latin America as the main destination. The opposite is true for shipments in October, November and December, as...