Corn Market

WORLD: Production decline in Argentina From 13/01 to 20/01, prices for the March delivery in Chicago remained relatively stable at around $266/t. After a rise linked to the last USDA report, the American prices lost some ground at the end of the week because of reassuring rains on Argentina. Good US demand figures last week… Read more »

WORLD: Bullish USDA report From 06/01 to 13/01, the price of the March delivery in Chicago gained $7/t to stand at $264/t. American prices have thus erased part of their last losses thanks to a bullish monthly report from the USDA for corn. The US market is closed on Monday for Martin Luther King Day…. Read more »

WORLD: Strong volatility in Chicago From 30/12 to 06/01, the price of the March 2023 delivery in Chicago fell by almost $9/t to $257/t. American prices thus gave up most of the gains made at the end of the year. This high volatility is linked to the reopening of the American market on 3 January… Read more »

WORLD: Health policy change in China From 15/12 to 30/12, the price of the March 2023 delivery in Chicago gained $11/t to stand at $267/t. After losing ground from the beginning of November to mid-December, returning to their level of the beginning of March, American corn prices rebounded at the end of the year under… Read more »

WORLD: Hedge fund pressure in Chicago From 02/12 to 09/12, the price of the March 2023 delivery in Chicago again lost some ground to $253/t. Non-commercial funds continue to reduce their net long positions by adding short positions and closing long positions. These moves put significant pressure on grain prices in early December, especially after… Read more »

WORLD: Markets hit by Chinese health policy From 25/11 to 02/12, the price of the March delivery in Chicago lost about $10/t to stand at $254/t. This sharp drop is explained by renewed concerns about global economic growth, due to the situation in China. Indeed, the recent challenges to the Chinese government’s health policy have… Read more »