Corn Market

WORLD: Bullish momentum fading From 29/03 to 05/04, the price of May grain in Chicago fell by $3/t to $171/t. After a month of rising prices in March, the momentum is fading in Chicago, while planting in the United States is off to a slow start, and concerns about demand are emerging. Planting is getting… Read more »

WORLD: Sowing starts in the Corn Belt From 22/03 to 29/03, the price of May delivery in Chicago gained $1/t to stand at $174/t. U.S. prices continued to consolidate during a week marked by the release of the quarterly stocks report and the 2024 seeding intentions report. Indeed, operators were surprised by a slightly lower-than-expected… Read more »

WORLD: Awaiting US sowing intentions From 15/03 to 22/03, the May delivery price in Chicago gained $1/t to stand at $173/t. After 3 weeks of consecutive gains, fueled by buybacks of short positions by non-commercial funds, the price of the May 2024 contract in Chicago is hitting resistance at $173/t. Operators will be focused this… Read more »

WORLD: Prices consolidate in Chicago From 01/03 to 08/03, the May delivery maize price in Chicago had a $6/t rise, to reach $167/t. U.S. maize prices continue to consolidate with a 2nd consecutive week of gains, following 10 weeks of continuous declines between early January and February 20. This is due to a more cautious… Read more »

WORLD: Hedge funds take cover From 23/02 to 01/03, the May delivery price in Chicago gained $4/t to stand at $167/t. U.S. prices rebounded last week as funds sought to hedge their positions. Indeed, non-commercial funds in Chicago had reached a record net short position at the end of February. This prompted them to close… Read more »

WORLD: Fall in Brazilian acreage From 02/02 to 09/02, the price of March delivery in Chicago fell by $5/t to $169/t. US maize prices remained under pressure last week due to South American weather and a slightly lower USDA report. In its report comparing February with January, the USDA revised upwards by 254 Kt the… Read more »