Corn Market

WORLD: Weather drives up prices in Chicago From 09/06 to 16/06, the price of July delivery in Chicago rose by $14/t to stand at $252/t. The rains are still not coming to the centre of the Corn Belt, prompting speculative funds, in a net short position, to hedge. On 11/06, 61% of US maize was… Read more »

WORLD: Persistent dryness in the Corn Belt From 02/06 to 09/06, the price of July delivery in Chicago fell by $2/t to stand at $238/t. Continued dry weather in the Corn Belt is supporting prices, but rain is expected and concerns about demand remain. As of 04/06, 85% of maize had emerged in the Corn… Read more »

WORLD: Negotiations between China and Argentina From 26/05 to 02/06, the price of July delivery in Chicago rose by $2/t to stand at $240/t. The rise continues, albeit more moderately than last week, due to persistent dry weather in the Corn Belt and despite profit-taking by non-commercial funds. By 28/05, 72% of maize had been… Read more »

WORLD: Warm, dry weather in the Corn Belt From 19 to 26 May, the price of July delivery in Chicago rose by $20/t to $238/t. This strong rebound is linked to weather models forecasting a dry June in the Corn Belt, leading speculative funds to react. By 21/05, 52% of maize had been sown in… Read more »

WORLD: Brazilian pressure is building up From 12 to 19 May, the price of the July delivery in Chicago fell by $13/t to $218/t. The price of maize in the United States has thus reached its lowest level since the autumn of 2021. As of 14/05, 65% of maize was planted in the Corn Belt,… Read more »

WORLD: Gloomy macroeconomic environment in the US From 5 to 12 May, the price of July delivery in Chicago fell by $4/t to $231/t. The Chicago maize price was affected by further Chinese purchase cancellations and a bearish USDA report. While overall planting has progressed rapidly in the Corn Belt, the northwestern part of the… Read more »