Corn Market

WORLD: Russian invasion of Ukraine The invasion of Ukraine by Russia is causing extremely high volatility in the maize market. After the invasion, prices for the March delivery in Chicago reached as high as 283 $/t before falling back due to significant liquidation of positions by operators in this context of major geopolitical uncertainty. As… Read more »

WORLD: Decline in world stocks From 11/02 to 18/02, the prices of the March delivery in Chicago gained approximately $2/t to be located at $258/t. The prices in Chicago remained relatively stable last week whereas for a month the geopolitical situation in the Black Sea has guided the market evolutions more frankly than the fundamentals…. Read more »

WORLD: Geopolitical tensions and volatility From 04/02 to 11/02, the prices of the March delivery in Chicago gained $12/t to stand at $256/t. The week was marked by very high volatility after the publication of the monthly USDA report and because of the tensions in the Black Sea. These tensions have dominated the fundamentals in… Read more »

WORLD: Cancellation of Chinese purchases From 28/01 to 04/02, prices for the March 2022 delivery in Chicago fell by $6/t to $244/t. However, at the end of the week, prices started to rise again. The high volatility continues. Last week saw a further increase in ethanol stocks to 28.9 million barrels, up 10% on the… Read more »

WORLD: Safrinhas maize sowing begins in Brazil From 21/01 to 28/01, the prices of the March 2022 delivery in Chicago gained 8 $/t to reach 251 $/t. This week again, uncertainties, especially in the Black Sea, are boosting prices both for the near future and for the next harvest in Chicago. Volatility remains the order… Read more »

WORLD: Return of volatility From 14/01 to 21/01, prices for the March 2022 delivery in Chicago rose $11/t to $242/t, thus reaching their highest level since the summer. Since the beginning of the year, volatility has been high in Chicago due to the action of non-commercial funds. Because of their large net buying position, they… Read more »