Futures activity

  • May-22 corn closed Friday at $7.4175 per bushel after volatile trading last week between $7.26 and $7.67 per bushel. December corn futures closed the week at $6.4550 per bushel.

 S&D and fundamental factor

  • A Ukrainian grains analysis firm, APK-Inform, estimates spring crop plantings in the country will fall by 39 percent YOY. In 2021, Ukraine produced nearly 42 MMT of corn.

Weather, macro indicators, and news

  • Conditions remain dry for a good chunk of the U.S. Midwest. NOAA is forecasting below-average precipitation for much of the western Corn Belt for the next two weeks.

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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.