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CEPM

Corn Market 274

World: Rainfall resume on the Corn Belt From 02/07 to 09/07, prices for the December delivery in Chicago fell by $24.5/t to reach $203.5/t. This sharp drop erased the increase following the release of the US acreage report on 30 June. Heavy rains have affected most of the Corn Belt, especially the northwest, which is… Read more »

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Corn Market 273

World: US acreage increase less than expected From 25 June to 2 July, the price of the December 2021 delivery in Chicago rose by $24/t to reach $228/t. This sharp rise in US prices is due to the release of the USDA’s annual acreage report on 30 June, which refines the acreage projections made at… Read more »

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CEPM

Corn Market 272

WORLD : Pressure on prices From 18/06 to 25/06, prices for the December 2021 delivery in Chicago fell by $19/t to reach $204/t. Prices are under pressure, especially due to sales by non-commercial funds in recent weeks. These are linked to the weather situation in the Corn Belt, where rains hit Iowa last week (the… Read more »

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CEPM

Corn Market 271

World: How large is the maize acreage in the US? From 11 to 18 June, there was still high volatility in the US. The prices of the December delivery, for the new harvest, decreased by $17/t to reach $223/t. The week was indeed marked by scattered rains, but also hail and wind which caused local… Read more »

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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 »

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CEPM

Corn Market 267

World: Chinese new harvest purchases. From 14/05 to 21/05, maize prices in Chicago rose slightly. The July delivery gained $6/t to reach $259/t while the December 2021 new delivery gained $1/t to reach $215/t. The past week has seen US prices stabilise after the sharp declines of the first half of May due to hedge… Read more »

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