Corn Market

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 »

WORLD: Good campaign start in the United States From 31/05 to 07/06, the June delivery price in Chicago rose by $1/t to $177/t. Pressure continues in Chicago, but maize prices rebounded at the end of the week on the back of good export sales. In the United States, as of 02/06, 91% of maize had… Read more »

WORLD: Agreement between China and Argentina From 24/05 to 31/05, the July delivery price in Chicago fell by $7/t to $176/t. The pressure is on maize in Chicago as planting progresses rapidly in the United States, despite the sometimes-tricky weather. In the United States, 89% of maize had been sown by May 26, compared with… Read more »

WORLD: Weather continues to worry markets From 17/05 to 24/05, the July delivery price in Chicago rose by $5/t to $183/t. After a sharp drop, maize prices consolidated in Chicago because of weather concerns and position adjustments before a long weekend, as the market closes on Monday due to Memorial Day. In the United States,… Read more »

WORLD: Towards a new trade war between China and the United States? From May 10 to May 17, the July delivery price in Chicago fell by $7/t to $178/t. This drop was due to profit-taking following price rises at the beginning of the month. Volatility remains the order of the day for cereals, with persistent… Read more »

WORLD: Global cereal balances tighter than expected From 03/05 to 10/05, the July delivery price in Chicago rose by $4/t to $184/t, following a similar rise the previous week. This upward momentum was driven by concerns over global wheat and maize production and tighter-than-expected global grain balance sheets, leading to hedging of short positions by… Read more »