Corn Market

World: Massive Chinese purchases. From January 22 to 29, the Chicago March expiry price increased by 18$/t to reach 215$/t. This sharp rise, after a sharp drop the previous week, reflects the volatility that has been disturbing agricultural markets in recent weeks. It is explained by major Chinese purchases for the 2020/21 crop year. Indeed,… Read more »

WORLD : High volatility in Chicago Prices for the March delivery in Chicago ended the week down sharply. From 15/01 to 22/01, this maturity fell by $12/t to reach $197/t. This significant drop in prices is due to non-commercial funds, which sharply reduced their net buying position over the weekend. For the day of 22/01… Read more »

WORLD : New price hikes From 8/01 to 15/01, the Chicago March expiry price increased by $14/t to $209/t. This strong increase is due to the publication of the USDA monthly report. This report revised the maize uses downwards compared to December: -2.5 Mt for ethanol (126 Mt), which is still suffering from low fuel… Read more »

WORLD : Maize over $5/bu in Chicago From 31 December to 8 January, the March expiry price in Chicago increased by $5/t to reach $195/t. By mid-week, Chicago prices even surpassed the $5 per bushel threshold ($197/t) before falling back. Non-commercial funds maintained the upward trend of the last few weeks with a record net… Read more »

WORLD : Sharp increase in prices at the end of the year From 18/12 to 31/12, the Chicago March delivery price gained $18/t to stand at $192/t. This strong increase can be explained by several factors. First of all, American exports were very dynamic due to an unfailing Chinese demand (6 Mt imported between September… Read more »

WORLD : Decline in production capacity in South America From 07/12 to 11/12, prices for the March delivery in Chicago remained stable at $167/t. With the approach of the holiday season and the publication of a rather neutral USDA monthly report, prices changed little. The USDA’s December report left the US balance sheet unchanged compared… Read more »