Corn Market

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 »

WORLD: Prices consolidate in Chicago From 01/03 to 08/03, the May delivery maize price in Chicago had a $6/t rise, to reach $167/t. U.S. maize prices continue to consolidate with a 2nd consecutive week of gains, following 10 weeks of continuous declines between early January and February 20. This is due to a more cautious… Read more »