Corn Market

WORLD: New rebound for wheat From 12/04 to 19/04, the June delivery in Chicago rose by $5/t to $177/t. This rebound in U.S. maize prices is linked to the rebound seen on the wheat market, itself linked to major weather concerns among the major exporters in the northern hemisphere. Unlike maize, the world wheat balance… Read more »

WORLD: World stocks to remain high in 2024/2025 From 12/04 to 19/04, the May delivery price in Chicago fell by $1/t to $170/t. The US market remains undecided between concerns over demand, the progress of Corn Belt plantings and uncertainties over South American production. As at 14/04, 6% of maize had been sown in the… Read more »

WORLD: Lower production in Argentina From 05/04 to 12/04, the May delivery price in Chicago remained relatively stable at $171/t. The market remained undecided between a neutral USDA report, a tense geopolitical context and concerns about demand. As of 07/04, 3% of maize had been sown in the United States, compared with an average of… Read more »

WORLD: Bullish momentum fading From 29/03 to 05/04, the price of May grain in Chicago fell by $3/t to $171/t. After a month of rising prices in March, the momentum is fading in Chicago, while planting in the United States is off to a slow start, and concerns about demand are emerging. Planting is getting… Read more »

WORLD: Sowing starts in the Corn Belt From 22/03 to 29/03, the price of May delivery in Chicago gained $1/t to stand at $174/t. U.S. prices continued to consolidate during a week marked by the release of the quarterly stocks report and the 2024 seeding intentions report. Indeed, operators were surprised by a slightly lower-than-expected… Read more »

WORLD: Awaiting US sowing intentions From 15/03 to 22/03, the May delivery price in Chicago gained $1/t to stand at $173/t. After 3 weeks of consecutive gains, fueled by buybacks of short positions by non-commercial funds, the price of the May 2024 contract in Chicago is hitting resistance at $173/t. Operators will be focused this… Read more »