Corn Market

WORLD: Donald Trump’s victory From 01/11 to 08/11, the December delivery price in Chicago rose by $7/t to stand at $170/t. Like other commodity and financial markets, traders are hailing Donald Trump’s victory, and in particular his programme of deregulation and tax cuts. Against this backdrop, non-commercial funds have become net buyers again, for the… Read more »

WORLD: Waiting for US election results From 10/25 to 11/01, the December delivery price in Chicago remained relatively stable at $163/t. Lower oil prices put pressure on prices at the start of the week, before they recovered on the back of further export sales. The market remains very cautious ahead of the US elections on… Read more »

WORLD: Near-record export sales in the United States From 18/10 to 25/10, the December delivery price in Chicago rose by $4/t to $163/t. US maize wiped out its loss of the previous week thanks to extremely buoyant export sales, which countered the downward trend linked to the rapidly advancing harvest. The gap with upcoming maturities… Read more »

WORLD: Harvest puts pressure on US maize From 11/10 to 18/10, the December delivery price in Chicago fell by $4/t to $159/t. U.S. maize is again losing ground as non-commercial funds strengthen their short positions in the context of a rapid harvest and the return of rains in South America. However, good export performances enabled… Read more »

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 »