Futures activity

  • Mar-22 corn futures closed slightly lower last week at $6.2050 per bushel. Futures are up about $0.70 per bushel year on year.

 S&D and fundamental factors

  • With WASDE’s release this week, one key question is whether global corn ending stocks will fall further. Last month, USDA lowered forecast stocks by roughly 2.5 MMT to just over 303 MMT, mostly based on reductions to Brazilian and Argentine production prospects for 2021/22.

Weather, macro indicators, and news

  • Planting of Brazil’s second crop has begun and is ahead of average pace, but there are at least some general concerns about dryness this year preventing optimal yields.

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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.