Corn Market

WORLD: What maize acreage in the US in 2022? From 18/03 to 25/03, prices for May in Chicago gained $5/t to reach $297/t. After a strong rise linked to the invasion of Ukraine, the May delivery has been evolving between $290 and $300/t since the beginning of the month. Export contracting to the US slowed… Read more »

WORLD: American origin sought From 11/04 to 18/04, prices for May in Chicago fell by $4.5/t to $292/t. US maize prices remain high and volatile but are still meeting technical resistance to the upside. In its March report, compared to February, the IGC estimates that for the current 2021/22 crop year, world production will be… Read more »

WORLD: Increase in US exports From 04/03 to 11/03, the price of the May delivery in Chicago gained $3/t to reach $300/t. Volatility remains very high due to the war in Ukraine. American prices have hit technical resistance this week. The USDA published its monthly report last week in a very delicate context. As a… Read more »

WORLD: Sharp rise in world food prices From 25/02 to 04/03, the prices of the May delivery in Chicago gained $24/t to reach $297/t. The week remains marked by extremely high volatility linked to the invasion of Ukraine and the disruption of trade flows of many agricultural commodities (corn, wheat, sunflower oil, etc.) and energy…. Read more »

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 »