WORLD: Risk of a banking crisis in the United States From 03/03 to 10/03, prices for the May delivery in Chicago lost $9/t to reach $243/t. This new strong fall is linked to the publication of a USDA report considered bearish by the operators and to the strong worries because of the bank failures in… Read more »
WORLD: Chinese purchases in the US From 27/01 to 03/02, prices for the March delivery in Chicago fell by about $3/t to $266/t. In spite of the good weekly figures of the American demand, the prices in Chicago have slightly decreased. Analysts will be watching closely this week for the release of the USDA’s monthly… Read more »
WORLD: Rainfall in South America From 20/01 to 27/01, prices for the March delivery in Chicago gained about $3/t to stand at $269/t. American maize prices were driven up by good export figures and by positive publications on economic growth in the United States. In the US, export contracts reached 910 Kt last week, at… Read more »
WORLD: Production decline in Argentina From 13/01 to 20/01, prices for the March delivery in Chicago remained relatively stable at around $266/t. After a rise linked to the last USDA report, the American prices lost some ground at the end of the week because of reassuring rains on Argentina. Good US demand figures last week… Read more »
WORLD: Bullish USDA report From 06/01 to 13/01, the price of the March delivery in Chicago gained $7/t to stand at $264/t. American prices have thus erased part of their last losses thanks to a bullish monthly report from the USDA for corn. The US market is closed on Monday for Martin Luther King Day…. Read more »
WORLD: Decline in the dollar From 04/11 to 11/11, the price of the December delivery in Chicago lost $9/t to stand at $259/t. This sharp drop is linked to profit taking before and after the publication of the USDA monthly report last Wednesday. However, Friday’s session ended slightly higher due to reassuring macroeconomic elements: slowing… Read more »