WORLD : Heat wave in Argentina From 31/12/2021 to 07/01/2022, prices for the March 2022 delivery in Chicago gained about $5/t to $238/t. Prices in Chicago, after having fallen due to scattered rains over South America, consolidated this week thanks to the fall of the dollar, which is favourable to exports, and due to renewed… Read more »
WORLD : WORLD: Towards a 2nd wave of the epidemic? From 05/06 to 12/06, prices for the July delivery in Chicago remained relatively stable at $130/t. Ethanol consumption is now close to its pre-epidemic level (-12%). Compared to the previous week, ethanol production is up by 9% (to 836 thousand barrels/day) and stocks are down… Read more »
WORLD: towards a historic production record in the United States? From 08/05 to 15/05, prices for the July delivery were stable at $126/t. Oil prices are on the rise and have crossed the $30/barrel threshold. This can be explained by recent well shutdowns in the United States, the reduction in Saudi Arabia’s production and increased… Read more »
WORLD: Steady prices in Chicago From 03/04 to 13/04, prices for the May maturity in Chicago remained relatively stable. Indeed, although ethanol production is still in great difficulty with a 36% fall in March, the dynamics of exports (1.8 Mt sold for export last week) and the production reduction agreement of the oil-producing countries (OPEC+)… Read more »
WORLD: High volatility of world prices Global price volatility continues this week as the coronavirus outbreak continues to spread, disrupting the world’s major economies by slowing trade and economic activity. D.Trump has declared a state of emergency in the United States and the Fed is stepping up its action by lowering its rates and announcing… Read more »
WORLD : High volatility of world prices From 28/02 to 06/03, the May maturity gained $3 /t in Chicago to stand at $148 /t. This is hiding a high volatility of prices due to the coronavirus epidemic. The Fed lowered rates last week and should announce new actions this week to support the markets and… Read more »