Corn Market

WORLD: First deliveries of Brazilian maize to China From 18/11 to 25/11, the price of the March delivery in Chicago remained relatively stable at $263/t. This stability is explained by the fact that the week was calm on the geopolitical level and that in the United States the markets functioned at the end of the… Read more »

WORLD: Renewal of the Ukrainian agreement From 11/11 to 18/11, the price of December corn in Chicago rose by $4/t to $263/t. The price of maize in Chicago consolidated last week after having fallen sharply in view of the renewal of the agreement on Ukrainian exports (see Europe section). In the US, 93% of the… Read more »

WORLD: Decline in the dollar From 04/11 to 11/11, the price of the December delivery in Chicago lost $9/t to stand at $259/t. This sharp drop is linked to profit taking before and after the publication of the USDA monthly report last Wednesday. However, Friday’s session ended slightly higher due to reassuring macroeconomic elements: slowing… Read more »

WORLD: Chinese approval of Brazilian exporters From 28/10 to 04/11, despite the high volatility linked to the Russian announcements on the Ukrainian maritime corridor, prices for the December delivery in Chicago remained stable at $268/t. The markets remain attentive to the current global macroeconomic deterioration and the monetary responses of the states. The US Federal… Read more »

WORLD: High volatility linked to the Ukrainian agreement From 21/10 to 28/10, prices for the December delivery in Chicago lost $1/t to stand at $268/t. The end of last week and the beginning of this week were marked by strong volatility linked to Russian pressure on the agreement allowing maritime exports to Ukraine (see Europe… Read more »

WORLD: Areas down in Argentina Discussions on the Ukrainian maritime corridor were seen as positive. In the US, as of 16/10, 45% of the US corn crop had been harvested compared to an average of 40% at that date (2017-2021). The rains forecast for this week in the central Corn Belt should break the dry… Read more »