WORLD: The weather market at the heart of concerns From 16/06 to 23/06, the price of July delivery in Chicago fell by $4/t to $248/t. Weather conditions remain worrying in the United States, with drought persisting in the Corn Belt and now affecting 64% of maize acreage. This is a considerable increase in just one… Read more »
WORLD: Negotiations between China and Argentina From 26/05 to 02/06, the price of July delivery in Chicago rose by $2/t to stand at $240/t. The rise continues, albeit more moderately than last week, due to persistent dry weather in the Corn Belt and despite profit-taking by non-commercial funds. By 28/05, 72% of maize had been… Read more »
WORLD: Warm, dry weather in the Corn Belt From 19 to 26 May, the price of July delivery in Chicago rose by $20/t to $238/t. This strong rebound is linked to weather models forecasting a dry June in the Corn Belt, leading speculative funds to react. By 21/05, 52% of maize had been sown in… Read more »
WORLD: Brazilian pressure is building up From 12 to 19 May, the price of the July delivery in Chicago fell by $13/t to $218/t. The price of maize in the United States has thus reached its lowest level since the autumn of 2021. As of 14/05, 65% of maize was planted in the Corn Belt,… Read more »
WORLD: Gloomy macroeconomic environment in the US From 5 to 12 May, the price of July delivery in Chicago fell by $4/t to $231/t. The Chicago maize price was affected by further Chinese purchase cancellations and a bearish USDA report. While overall planting has progressed rapidly in the Corn Belt, the northwestern part of the… Read more »
WORLD: Gloomy macroeconomic environment in the US From 28 April to 5 May, the price of maize for the July delivery in Chicago rose by around $5/t to stand at $235/t. After a very sharp drop the previous week, maize prices in Chicago consolidated despite a difficult context. Planting progressed in the Corn Belt thanks… Read more »