WORLD: Chinese purchases in the US From 27/01 to 03/02, prices for the March delivery in Chicago fell by about $3/t to $266/t. In spite of the good weekly figures of the American demand, the prices in Chicago have slightly decreased. Analysts will be watching closely this week for the release of the USDA’s monthly… Read more »
WORLD: Rainfall in South America From 20/01 to 27/01, prices for the March delivery in Chicago gained about $3/t to stand at $269/t. American maize prices were driven up by good export figures and by positive publications on economic growth in the United States. In the US, export contracts reached 910 Kt last week, at… Read more »
WORLD: Production decline in Argentina From 13/01 to 20/01, prices for the March delivery in Chicago remained relatively stable at around $266/t. After a rise linked to the last USDA report, the American prices lost some ground at the end of the week because of reassuring rains on Argentina. Good US demand figures last week… Read more »
WORLD: Bullish USDA report From 06/01 to 13/01, the price of the March delivery in Chicago gained $7/t to stand at $264/t. American prices have thus erased part of their last losses thanks to a bullish monthly report from the USDA for corn. The US market is closed on Monday for Martin Luther King Day…. Read more »
WORLD: Decline in the dollar From 04/11 to 11/11, the price of the December delivery in Chicago lost $9/t to stand at $259/t. This sharp drop is linked to profit taking before and after the publication of the USDA monthly report last Wednesday. However, Friday’s session ended slightly higher due to reassuring macroeconomic elements: slowing… Read more »
WORLD: Areas down in Argentina Discussions on the Ukrainian maritime corridor were seen as positive. In the US, as of 16/10, 45% of the US corn crop had been harvested compared to an average of 40% at that date (2017-2021). The rains forecast for this week in the central Corn Belt should break the dry… Read more »