Corn Market

Word: Drought in Brazil. From 9/04 to 16/04, prices of the May 2021 maturity in Chicago gained $3 /t to reach $230 /t. In addition, last week, the price of December 2021 (new harvest) closed for the first time above $200 /t. This situation illustrates the tense situation on the fundamentals at the end of… Read more »

World: Tight US stocks for the end of the crop year. From 02/04 to 09/04, prices of May maturity in Chicago have increased by $7/t to $227/t. For the new harvest, the price of the December 2021 contract has also increased. This is explained by the USDA’s April report, which announced an even tighter than… Read more »

World : high volatility From 26/03 to 5/04, prices of May maturity in Chicago remained relatively stable at $218 /t. However, this apparent stability hides a strong weekly volatility linked to the publication of the USDA report on planting intentions for the 2021/22 crop year. Prices for the May maturity reached more than $226 /t… Read more »

World: towards a new world production record? From 19/03 to 26/03, prices for May delivery in Chicago fell by $/4t to reach $215 /t. The week ended with a drop in prices due to the anticipation of a larger 2021 harvest by non-commercial funds. Indeed, on 30/03, the USDA will publish two reports that could… Read more »

WORLD : China back to buying. From 12/03 to 19/03, prices of May maturity in Chicago gained $7 /t to reach $220 /t. This upward trend is explained by China resuming its purchases last week. China contracted the purchase of about 4 Mt of maize from the United States ahead of a political summit between… Read more »

WORLD : Production decrease in Ukraine From 5/03 to 12/03, Chicago May futures fell by $2.5 /t to reach $212 /t. This decline in prices is mainly caused by non-commercial funds’ operations, while operators did not react much to the publication of the USDA’s March report. The USDA report left the US balance sheet unchanged… Read more »