CEPM Corn Market n°214 WORLD: Steady prices in Chicago From 03/04 to 13/04, prices for the May maturity in Chicago remained relatively stable. Indeed, although ethanol production is still in great difficulty with a 36% fall in March, the dynamics of exports (1.8 Mt sold for export last week) and the production reduction agreement of the oil-producing countries (OPEC+)… Read more » Download
CEPM Corn Market n°213 WORLD: Strong planting intentions in the United States From 27 March to 3rd April, prices for the May maturity fell by $6/t to reach $130/t. In spite of an increase in export competitiveness, good weekly export figures (1.1 Mt) and the announcement of a new maize sale to China (567 Kt including 63 Kt in… Read more » Download
CEPM Corn Market n°211 WORLD: China resumes purchasing From 13/03 to 20/03, the Chicago May maturity price fell by $8.7/t to reach $135/t. The volatility of the last few weeks continues, with US prices torn between the problems of the ethanol industry and Chinese purchases. In fact, demand for maize for ethanol production is declining. As a reminder, ethanol… Read more » Download
CEPM Corn Market n°210 WORLD: High volatility of world prices Global price volatility continues this week as the coronavirus outbreak continues to spread, disrupting the world’s major economies by slowing trade and economic activity. D.Trump has declared a state of emergency in the United States and the Fed is stepping up its action by lowering its rates and announcing… Read more » Download
CEPM Corn Market n°209 WORLD : High volatility of world prices From 28/02 to 06/03, the May maturity gained $3 /t in Chicago to stand at $148 /t. This is hiding a high volatility of prices due to the coronavirus epidemic. The Fed lowered rates last week and should announce new actions this week to support the markets and… Read more » Download