Corn Market

WORLD: Brazilian maize for China From 30/09 to 07/10, the price of the December delivery in Chicago gained $2/t to reach $271/t. The week was marked by new tensions around the Ukrainian maritime corridor (see Europe section). In the US, as of 09/10, 31% of American corn had been harvested, compared with an average of… Read more »

WORLD: US exports disrupted From 30/09 to 07/10, the price of December delivery in Chicago rose by $ 2/t to $ 269/t. In the US, as of 02/10, 20% of American corn had been harvested, compared with an average of 22% at that date (2017-2021). The Mississippi River is currently very low due to the… Read more »

WORLD: Drought in Argentina From 23/09 to 30/09, the price of December corn in Chicago remained relatively stable at 267 $/t. In the United States, as of 25 September, 12% of American corn had been harvested, compared with an average of 14% at that date (2017-2021). A rather dry week is expected in the Corn… Read more »

WORLD: Weakened macroeconomic outlook From 16/09 to 23/09, prices for December in Chicago remained stable at $267/t. The week was marked by the hesitations of operators between renewed tension in Ukraine and a gloomy global macroeconomic context. In the United States, the corn harvest continues. As of 18/09, 7% of the US maize crop had… Read more »

WORLD: Harvesting begins in the Corn Belt From 09/09 to 16/09, the price of the December delivery in Chicago lost $3/t to stand at $267/t. Agricultural commodity prices lost ground last week, despite a bullish USDA report for corn, due to market fears ahead of US Federal Bank rate hikes in late September. In the… Read more »

WORLD: Start of sowing in South America From 26/08 to 02/09, the price of the December delivery in Chicago gained $7/t to stand at $262/t. The US markets are closed this Monday due to the Labor Day. Profit taking is expected this week ahead of a forthcoming interest rate hike by the US central bank… Read more »