Corn Market

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 »

WORLD: First deliveries of Brazilian maize to China From 18/11 to 25/11, the price of the March delivery in Chicago remained relatively stable at $263/t. This stability is explained by the fact that the week was calm on the geopolitical level and that in the United States the markets functioned at the end of the… Read more »

WORLD: Renewal of the Ukrainian agreement From 11/11 to 18/11, the price of December corn in Chicago rose by $4/t to $263/t. The price of maize in Chicago consolidated last week after having fallen sharply in view of the renewal of the agreement on Ukrainian exports (see Europe section). In the US, 93% of the… Read more »