Corn Market

WORLD: Harvest begins in the Corn Belt From 06/09 to 13/09, the December delivery price in Chicago gained $3/t to stand at $163/t. Buybacks of short positions by non-commercial funds enabled the consolidation begun at the end of August to continue, despite rather negative fundamentals. The week was marked by the publication of the USDA’s… Read more »

WORLD: Dry weather settles in South America From 30/08 to 06/09, the December delivery price in Chicago rose by $2/t to stand at $160/t. As a result, US maize is back above the technical threshold of $4/bushel, although this remains fragile. The upward momentum ran out of steam at the end of last week after… Read more »

WORLD: American-origin grain interests importers once again From 23/08 to 30/08, the December delivery price in Chicago gained $4/t, reaching $158/t. This is due to short covering by funds in a context where international buyers are renewing their interest in American origin. Thus, American maize breaks a streak of four consecutive weeks of decline, which… Read more »

WORLD: Stable US inventories for 2024/2025 From 05/07 to 12/07, the September delivery in Chicago fell by $4/t to $158/t, despite a positive close on Friday following a bullish USDA report for maize. In its July report, compared with June, the USDA revised US maize stocks for the 2024/25 marketing year down very slightly (to… Read more »

WORLD: US maize acreage revised upwards From 28/06 to 05/07, in a week shortened by Independence Day, the July delivery in Chicago fell by $4/t to $162/t. Maize prices fell by around $10/t at the end of June, as a result of better weather in the Corn Belt and an upward revision of acreage by… Read more »

WORLD: A neutral USDA report From 07/06 to 14/06, the July delivery in Chicago remained relatively stable at $177/t. The USDA report for June was neutral for maize and confirmed the tension for wheat. Compared with its May estimates, the USDA left the US balance sheet unchanged. This was expected by operators, who are focusing… Read more »