WORLD : Sustained Chinese imports From 16/10 to 23/10, the Chicago December delivery price rose by $6 per tonne to $165 per tonne. If, in the United States, the ethanol industry remains in difficulty because of the Covid-19 epidemic, with a production of 913 thousand barrels/day (about 10% below its normal level), prices are supported… Read more »
WORLD : Prices in Chicago above $4/bu From 09/10 to 16/10, the Chicago December delivery price rose by $3 per tonne to reach $158 per tonne. Against a backdrop of a much lighter U.S. balance sheet and continuing Chinese demand, U.S. prices crossed the symbolic $4 per bushel threshold (approximately $158 per tonne) for the… Read more »
WORLD : Lightening of the American balance sheet From 02/10 to 09/10, the Chicago December delivery price rose by $6 per tonne to reach $155.5 per tonne. Due to dry weather on the Corn Belt in recent weeks, harvesting is progressing. By 04/10, 25% of US maize had been harvested, a figure similar to the… Read more »
WORLD: Revision of US Stocks From 25/09 to 02/10, the Chicago December delivery price rose by $6 /t to $149/t. This increase is explained by the release of the USDA’s quarterly inventory report. The report sharply reduced US maize stocks. Stocks as of 1 September are estimated at 51 Mt, 11% below the figure expected… Read more »
WORLD : Lower prices in Chicago From 18/09 to 25/09, the Chicago December delivery price fell by $5/t to $144/t. This decline in price follows the broader dynamics of the commodity and securities markets across the Atlantic, driven by fears of a second wave of the epidemic. Maize is also being penalised by the strengthening… Read more »
WORLD: Uncertainties on Chinese demand From 11/09 to 18/09, Chicago December delivery prices gained $4 per tonne. Following the soybean trend, US maize prices are being driven by Chinese demand. Thus, a sale of 210 Kt was again announced this week for the country. In total, for this crop year, China has committed to just… Read more »