European Commission
Corn Market 268
World: High volatility From 21/05 to 28/05, prices for the July delivery in Chicago fell by $1/t to reach $259/t. For the new crop, prices for the December delivery also fell very slightly to $215/t. However, this apparent stability over the week masks very high price volatility. The July contract touched the daily lower limit… Read more »
Corn Market 264
World: The drought in Brazil strenghtening itsel From 23/04 to 30/04, prices for the July delivery in Chicago rose from $16/T to $265/T. Over the same period, prices for the December 2021 contract, for the new harvest, gained $5/T to stand at $222/T. In the US, despite the rains, maize plantings in the Corn Belt… Read more »
Corn Market 251
World: Massive Chinese purchases. From January 22 to 29, the Chicago March expiry price increased by 18$/t to reach 215$/t. This sharp rise, after a sharp drop the previous week, reflects the volatility that has been disturbing agricultural markets in recent weeks. It is explained by major Chinese purchases for the 2020/21 crop year. Indeed,… Read more »
CEPM Corn Market n°225
WORLD : Rain brings prices down in Chicago From 19/06 to 26/06, the Chicago July delivery price dropped by $6/t to reach $125/t. They thus returned to their early May levels, close to the lowest prices reached during the coronavirus crisis. This drop in prices, in the context of a particularly heavy 2020/21 balance sheet,… Read more »
CEPM Corn Market n°224
WORLD: Deteriorating growing conditions in the USA From 12/06 to 19/06, the Chicago July delivery price rose by $1 /t to $131/t. This increase can be explained by several factors. After a meeting with Chinese officials in Hawaii, R. Lightizer (U.S. Trade Representative) said he was optimistic that the Sino-American trade agreement would be respected… Read more »