Futures activity

  • Dec-21 futures ended last week lower by about $0.06, at $5.7075 per bushel. Although Dec-22 futures were also lower for the week, they closed Friday minimally higher at $5.5425 per bushel.

S&D and fundamental factors

  • The Rosario Exchange is projecting Argentine corn production between 55 and 56 MMT for 2021/22 vs. USDA’s forecast of 54.5 MMT.
  • The International Grains Council raised its projection for 2021/22 global corn production to 1.212 billion MT, now slightly higher than USDA’s number of 1.205 billion MT.

Weather, macro indicators, and news

  • Weather remains favorable in South America as widespread rains have now hit large portions of Argentina.

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Source: 123rf.com
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.