WORLD : Downward revision of US yields From September 4 to September 11, Chicago December delivery prices gained $4 per ton. Indeed, the USDA in its September report, compared to the previous month, revised its yield projection downwards by 2 CwT/ha. It is now 112 CwT/ha. This is explained by taking into account the drought… Read more »
WORLD : Drought in South America From 28/08 to 04/09, prices for the December delivery in Chicago remained relatively stable ($141/t). US prices should not vary too much this week due to the closing of the markets on Monday and the expectation of the USDA’s monthly report on Friday. The latter should notably revise US… Read more »
Editorial: On European sovereignty The only advantage of crises is that they pose real problems and provide real solutions. This is the case with COVID 19, which demonstrates the importance of being in control at home. Land, agricultural production, food diversity, rural development, etc. are all indispensable goods. The objective is not to protect them,… Read more »
WORLD: Demand stabilizes Chicago prices From 13/07 to 17/07, the September delivery price in Chicago rose by about $2/t to $131/t. After a significant drop in prices last week (due to the return of rains in the middle of the pollination period on the Corn Belt), demand figures have brought some stability this week. The… Read more »
WORLD : Rain over the Corn Belt From 03/07 to 15/07, the Chicago September delivery price dropped $7/t. The weather elements dominated the market evolution, despite upwards elements noted in the American balance sheet. In its July report, the USDA revised, compared to June, the American production for the 2020/21 crop year downwards. The production… Read more »
WORLD : Decreased acreages in the USA Following last week’s USDA acreage report on major crops, U.S. prices reacted strongly. From 26/06 to 03/07, they gained $10/t to stand at $137/t on the July delivery. This report surprised analysts and operators by reducing the American corn acreage for the 2020/21 crop year by 2.3 Mha,… Read more »