Corn Market

WORLD: South America’s weather worries From 13/10 to 20/10, the price of December delivery in Chicago rose by $1/t to stand at $195/t. The trend for maize was positive this week, despite major movements linked to non-commercial funds, due in particular to weather concerns in South America. In the United States, 45% of maize had… Read more »

WORLD: USDA report bullish From 06/10 to 13/10, the price of December delivery in Chicago rose slightly to $194/t. After some profit-taking by non-commercial funds, US prices were able to rebound on the back of a bullish USDA report for maize. In its October report, the USDA revised downwards the average yield in the United… Read more »

WORLD: Falling oil prices From 29/09 to 06/10, the price of December delivery in Chicago rose by $6/t to stand at $194/t. US prices rebounded this week on the back of buoyant exports and the downward revision of 2022/23 stocks at the end of last week. Traders will be watching the impact of this drop… Read more »

WORLD: US inventories revised downwards for 2022/2023 From 22/09 to 29/09, the price of December delivery in Chicago remained relatively stable at $188/t. This weekly stability masks a sharp fall in US prices on Friday 29/09, which is currently being corrected on Monday. These movements are due to sales by non-commercial funds in the face… Read more »

WORLD: Start of harvest in the Corn Belt From 15/09 to 22/09, the price of December delivery in Chicago remained relatively stable at $188 per tonne. The situation remains delicate for US maize prices in a context of harvest pressure and lack of competitiveness for exports. By 17/09, 7% of US maize had been harvested,… Read more »

WORLD: Sowing begins in South America From 08/09 to 15/09, the price of December delivery in Chicago fell by $3/t to stand at $187/t. US prices lost ground after a bearish USDA report for maize. The USDA revised US stocks upwards beyond traders’ expectations. Compared with August’s estimates, stocks were up by 461 Kt (56.4… Read more »