Corn Market

WORLD: Acceleration in US corn exports From 24/11 to 01/12, the price of March delivery in Chicago rose by $1/t to stand at $191/t, buoyed by good export figures. At over 1.9 Mt last week, export contracts for US maize exceeded operators’ expectations and supported prices. This was due in particular to purchases from China… Read more »

WORLD: What is China’s demand for corn? From 17/11 to 24/11, the price of December delivery in Chicago fell by $5/t to $182/t, pushed down by rain in central Brazil. In the United States, 93% of maize had been harvested by 19/11, compared with an average of 91% by that date. The latest harvests are… Read more »

WORLD: Decline in acreage in South America From 10/11 to 17/11, the price of December delivery in Chicago rose by $4/t to stand at $187/t, buoyed by good demand figures and weather difficulties in South America. In the United States, 88% of maize had been harvested by 12/11, compared with an average of 86% at… Read more »

WORLD: US corn production revised upwards From 03/11 to 10/11, the price of December delivery in Chicago fell by $2/t to $183/t. US prices lost ground after the publication of the USDA’s monthly report, which was bearish for maize, despite positive news for demand. In the United States on 05/11, 81% of maize had been… Read more »

WORLD: American corn gains in competitiveness From 27/10 to 03/11, the price of December delivery in Chicago fell by $1/t to stand at $188/t. US prices remained under pressure from the harvest, before rebounding at the end of the week on the back of position buying by non-commercial funds and driven by other agricultural commodities…. Read more »

WORLD: South America’s weather worries From 20/10 to 27/10, the price of December delivery in Chicago fell by $6/t to $189/t. The arrival of rain in Argentina and more optimistic models for Brazil eased the pressure on US prices despite positive demand news. In the United States on 22/10, 59% of maize had been harvested,… Read more »