Corn Market

WORLD: Decline in the dollar From 04/11 to 11/11, the price of the December delivery in Chicago lost $9/t to stand at $259/t. This sharp drop is linked to profit taking before and after the publication of the USDA monthly report last Wednesday. However, Friday’s session ended slightly higher due to reassuring macroeconomic elements: slowing… Read more »

WORLD: Chinese approval of Brazilian exporters From 28/10 to 04/11, despite the high volatility linked to the Russian announcements on the Ukrainian maritime corridor, prices for the December delivery in Chicago remained stable at $268/t. The markets remain attentive to the current global macroeconomic deterioration and the monetary responses of the states. The US Federal… Read more »

WORLD: High volatility linked to the Ukrainian agreement From 21/10 to 28/10, prices for the December delivery in Chicago lost $1/t to stand at $268/t. The end of last week and the beginning of this week were marked by strong volatility linked to Russian pressure on the agreement allowing maritime exports to Ukraine (see Europe… Read more »

WORLD: Areas down in Argentina Discussions on the Ukrainian maritime corridor were seen as positive. In the US, as of 16/10, 45% of the US corn crop had been harvested compared to an average of 40% at that date (2017-2021). The rains forecast for this week in the central Corn Belt should break the dry… Read more »

WORLD: Brazilian maize for China From 30/09 to 07/10, the price of the December delivery in Chicago gained $2/t to reach $271/t. The week was marked by new tensions around the Ukrainian maritime corridor (see Europe section). In the US, as of 09/10, 31% of American corn had been harvested, compared with an average of… Read more »

WORLD: US exports disrupted From 30/09 to 07/10, the price of December delivery in Chicago rose by $ 2/t to $ 269/t. In the US, as of 02/10, 20% of American corn had been harvested, compared with an average of 22% at that date (2017-2021). The Mississippi River is currently very low due to the… Read more »