Corn Market

WORLD: Stocks revised slightly downwards in the United States From 04/10 to 11/10, the December delivery price in Chicago fell by $4/t to $163/t. US maize is under pressure from the harvest, in the absence of any further bullish elements in the USDA report. As at 06/10, 30% of US maize had been harvested, compared… Read more »

WORLD: Rains in South America From 27/09 to 04/10, the December delivery price in Chicago rose by $2/t to $167/t. maize continued to rise against a backdrop of geopolitical and climatic uncertainty, and even tested the $170/t threshold, which had not been breached since last June. Uncertainties are prompting non-commercial funds to reduce their net… Read more »

WORLD: Harvest puts pressure on US prices From 20/09 to 27/09, the December delivery price in Chicago rose by $7/t to $165/t. This sharp rise is due to climatic (South America and Black Sea) and geopolitical (Middle East and Ukraine) concerns. This unstable context is prompting non-commercial funds to take more cautious positions by reducing… Read more »

WORLD: Harvest puts pressure on US prices From 13/09 to 20/09, the December delivery price in Chicago fell by $5/t to stand at $158/t. Prices in Chicago once again tested the $4/bushel support against a backdrop of harvest-related price pressure. On 15/09, 9% of maize had been harvested, compared with 6% on average at that… Read more »

WORLD: Harvest begins in the Corn Belt From 06/09 to 13/09, the December delivery price in Chicago gained $3/t to stand at $163/t. Buybacks of short positions by non-commercial funds enabled the consolidation begun at the end of August to continue, despite rather negative fundamentals. The week was marked by the publication of the USDA’s… Read more »

WORLD: Dry weather settles in South America From 30/08 to 06/09, the December delivery price in Chicago rose by $2/t to stand at $160/t. As a result, US maize is back above the technical threshold of $4/bushel, although this remains fragile. The upward momentum ran out of steam at the end of last week after… Read more »