WORLD : Renewed concerns about the Corn Belt From 9 to 16 July, prices for the December 2021 delivery in Chicago rose from $14/t to reach $217/t. After rains last week temporarily stabilised water-deficient maize in the western Corn Belt, traders are now concerned that hot, dry weather will return by the end of the… Read more »
World: Rainfall resume on the Corn Belt From 02/07 to 09/07, prices for the December delivery in Chicago fell by $24.5/t to reach $203.5/t. This sharp drop erased the increase following the release of the US acreage report on 30 June. Heavy rains have affected most of the Corn Belt, especially the northwest, which is… Read more »
World: US acreage increase less than expected From 25 June to 2 July, the price of the December 2021 delivery in Chicago rose by $24/t to reach $228/t. This sharp rise in US prices is due to the release of the USDA’s annual acreage report on 30 June, which refines the acreage projections made at… Read more »
WORLD : Pressure on prices From 18/06 to 25/06, prices for the December 2021 delivery in Chicago fell by $19/t to reach $204/t. Prices are under pressure, especially due to sales by non-commercial funds in recent weeks. These are linked to the weather situation in the Corn Belt, where rains hit Iowa last week (the… Read more »
World: How large is the maize acreage in the US? From 11 to 18 June, there was still high volatility in the US. The prices of the December delivery, for the new harvest, decreased by $17/t to reach $223/t. The week was indeed marked by scattered rains, but also hail and wind which caused local… Read more »
World: Rainy outlook for the Corn Belt From June 4 to June 11, the Chicago July delivery prices gained $1/t to reach $269/t. For the new harvest, the December delivery rates gained $7/t to reach $240/t. The week was once again marked by very high volatility. Indeed, while the fundamentals are still tense for the… Read more »