Corn Market

WORLD : U.S. courses back up in August Chicago December delivery prices gained nearly $15/t in August. In fact, after a rather weak USDA monthly report at the beginning of the month (US crop projection of 388 Mt), the prices went up. This was firstly due to the Derecho storm at the beginning of the… Read more »

WORLD: Demand stabilizes Chicago prices From 13/07 to 17/07, the September delivery price in Chicago rose by about $2/t to $131/t. After a significant drop in prices last week (due to the return of rains in the middle of the pollination period on the Corn Belt), demand figures have brought some stability this week. The… Read more »

WORLD : Rain over the Corn Belt From 03/07 to 15/07, the Chicago September delivery price dropped $7/t. The weather elements dominated the market evolution, despite upwards elements noted in the American balance sheet. In its July report, the USDA revised, compared to June, the American production for the 2020/21 crop year downwards. The production… Read more »

WORLD : Decreased acreages in the USA Following last week’s USDA acreage report on major crops, U.S. prices reacted strongly. From 26/06 to 03/07, they gained $10/t to stand at $137/t on the July delivery. This report surprised analysts and operators by reducing the American corn acreage for the 2020/21 crop year by 2.3 Mha,… Read more »

WORLD : Rain brings prices down in Chicago From 19/06 to 26/06, the Chicago July delivery price dropped by $6/t to reach $125/t. They thus returned to their early May levels, close to the lowest prices reached during the coronavirus crisis. This drop in prices, in the context of a particularly heavy 2020/21 balance sheet,… Read more »

WORLD: Deteriorating growing conditions in the USA From 12/06 to 19/06, the Chicago July delivery price rose by $1 /t to $131/t. This increase can be explained by several factors. After a meeting with Chinese officials in Hawaii, R. Lightizer (U.S. Trade Representative) said he was optimistic that the Sino-American trade agreement would be respected… Read more »