WORLD: Sowing begins in South America From 08/09 to 15/09, the price of December delivery in Chicago fell by $3/t to stand at $187/t. US prices lost ground after a bearish USDA report for maize. The USDA revised US stocks upwards beyond traders’ expectations. Compared with August’s estimates, stocks were up by 461 Kt (56.4… Read more »
WORLD: What is China’s demand for corn in 2023/2024? From 01/09 to 08/09, the price of December delivery in Chicago rose by $1/t to stand at $191/t. Prices have remained relatively stable over the past week, with traders awaiting the release of the USDA report on Tuesday. Traders are focusing on the impact of the… Read more »
WORLD: US yields revised downwards From 07/07 to 14/07, the price for the September delivery in Chicago gained $7/t to reach $199/t. Despite heavy stocks from 19/08 to 25/08, the price for December in Chicago fell by $2/t to $192/t. Notwithstanding the volatility linked to the situation in the Black Sea, prices in Chicago have… Read more »
WORLD: Confirmation of the rise in US inventories From 07/07 to 14/07, the price of September delivery in Chicago rose by $7/t to stand at $199/t. Despite heavy stocks confirmed by the USDA’s July report, US prices rebounded at the end of the week on the back of reassuring news about demand and concerns about… Read more »
WORLD: The weather market at the heart of concerns From 16/06 to 23/06, the price of July delivery in Chicago fell by $4/t to $248/t. Weather conditions remain worrying in the United States, with drought persisting in the Corn Belt and now affecting 64% of maize acreage. This is a considerable increase in just one… Read more »
WORLD: Persistent dryness in the Corn Belt From 02/06 to 09/06, the price of July delivery in Chicago fell by $2/t to stand at $238/t. Continued dry weather in the Corn Belt is supporting prices, but rain is expected and concerns about demand remain. As of 04/06, 85% of maize had emerged in the Corn… Read more »