WORLD : Rain brings prices down in Chicago From 19/06 to 26/06, the Chicago July delivery price dropped by $6/t to reach $125/t. They thus returned to their early May levels, close to the lowest prices reached during the coronavirus crisis. This drop in prices, in the context of a particularly heavy 2020/21 balance sheet,… Read more »
WORLD: Deteriorating growing conditions in the USA From 12/06 to 19/06, the Chicago July delivery price rose by $1 /t to $131/t. This increase can be explained by several factors. After a meeting with Chinese officials in Hawaii, R. Lightizer (U.S. Trade Representative) said he was optimistic that the Sino-American trade agreement would be respected… Read more »
WORLD : WORLD: Towards a 2nd wave of the epidemic? From 05/06 to 12/06, prices for the July delivery in Chicago remained relatively stable at $130/t. Ethanol consumption is now close to its pre-epidemic level (-12%). Compared to the previous week, ethanol production is up by 9% (to 836 thousand barrels/day) and stocks are down… Read more »
WORLD: Rising prices in Chicago From 22/05 to 29/05, the Chicago July delivery price rose by $3/t to stand at $128/t. This rise in prices is explained by the CPC’s projection of a hot and dry month of June in the Midwest. As of 31/05, 93% of American maize had been planted compared to an… Read more »
WORLD : Diplomatic tensions related to the pandemic From 15/05 to 22/05, prices for the July delivery in Chicago remained relatively stable, losing $0.5/t to stand at $125/t. With 663 thousand barrels/day, ethanol production is up by 7% compared to the previous week, for the third consecutive week. It remains 30% below its pre-pandemic level…. Read more »
WORLD: towards a historic production record in the United States? From 08/05 to 15/05, prices for the July delivery were stable at $126/t. Oil prices are on the rise and have crossed the $30/barrel threshold. This can be explained by recent well shutdowns in the United States, the reduction in Saudi Arabia’s production and increased… Read more »