WORLD: Brazilian maize for China From 30/09 to 07/10, the price of the December delivery in Chicago gained $2/t to reach $271/t. The week was marked by new tensions around the Ukrainian maritime corridor (see Europe section). In the US, as of 09/10, 31% of American corn had been harvested, compared with an average of… Read more »
WORLD: US exports disrupted From 30/09 to 07/10, the price of December delivery in Chicago rose by $ 2/t to $ 269/t. In the US, as of 02/10, 20% of American corn had been harvested, compared with an average of 22% at that date (2017-2021). The Mississippi River is currently very low due to the… Read more »
WORLD: Harvesting begins in the Corn Belt From 09/09 to 16/09, the price of the December delivery in Chicago lost $3/t to stand at $267/t. Agricultural commodity prices lost ground last week, despite a bullish USDA report for corn, due to market fears ahead of US Federal Bank rate hikes in late September. In the… Read more »
WORLD: Start of sowing in South America From 26/08 to 02/09, the price of the December delivery in Chicago gained $7/t to stand at $262/t. The US markets are closed this Monday due to the Labor Day. Profit taking is expected this week ahead of a forthcoming interest rate hike by the US central bank… Read more »
WORLD: US yields revised downwards In August, the price of December maize in Chicago initially lost ground due to the resumption of Ukrainian exports and Sino-US tensions in Taiwan. The price of maize in the US then rose due to unfavourable weather conditions for maize yields in the US and tensions around the Zaporizhia nuclear… Read more »
WORLD: Flowering in the Corn Belt From 08/07 to 15/07, prices for the September delivery in Chicago lost $11/t to stand at $238/t. Volatility remains very high in Chicago in an uncertain context regarding the American weather and the negotiations in Ukraine. These factors are prompting non-commercial funds to reduce their net buying position, accentuating… Read more »