WORLD: Delayed planting in the Corn Belt From 22/04 to 29/04, the price of maize for the July delivery in Chicago rose by $9/t to $320/t. Maize prices in Chicago were supported last week by weather concerns about planting in the Corn Belt and safrinha maize in Brazil. As of 24/04, only 7% of US… Read more »
WORLD: Drought takes hold in Brazil From 15/04 to 22/04, prices for the May delivery in Chicago lost $8/t to reach $312/t on the back of a technical correction after a massive rise last week. In its April report, compared to March and for the current crop year, the ICC revises world production up by… Read more »
WORLD: Planting begins in the Corn Belt From 08/04 to 15/04, the price of the May delivery in Chicago gained $18/t to stand at $320/t. The Easter weekend allowed funds to break through the technical resistance to the upside. The price of corn in Chicago on the 1st maturity thus exceeds $8/bushel, its highest level… Read more »
WORLD: World food prices at an all-time high From 01/04 to 08/04, the prices for the May delivery in Chicago rose $13/t to $302.5/t. US maize prices are back to spot highs, after a drop last week, but remain blocked by technical resistance. Due to a tense initial situation and the consequences of the invasion… Read more »
WORLD: US maize acreage down in 2022 From 25/03 to 01/04, the May delivery lost $7/t to stand at $289/t. The week was marked by high volatility due to the war in Ukraine and acreage projections for 2022 in the US. Chicago corn prices lost ground mid-week on rumours of a ceasefire agreement in Ukraine,… Read more »
WORLD: What maize acreage in the US in 2022? From 18/03 to 25/03, prices for May in Chicago gained $5/t to reach $297/t. After a strong rise linked to the invasion of Ukraine, the May delivery has been evolving between $290 and $300/t since the beginning of the month. Export contracting to the US slowed… Read more »