Corn retreats in Chicago

According to an analysis by the International Center for Economic Analysis and Agricultural Market Studies (Ceema), covering the period from September 26 to October 2 and published this Thursday (3), corn prices recorded a slight decline in Chicago. The bushel closed on October 2 at US$ 4.21, down from US$ 4.25 the previous week. The average for September was US$ 4.13 per bushel, a result 7.8% higher than that of August. In the same month of 2024, the average had been US$ 4.00 per bushel. The quarterly inventory report, with a position as of September 1, pointed to a 13% reduction compared to the same period of the previous year. Despite the drop, the data has not yet resulted in a rise in prices in Chicago. Regarding the harvest, the survey indicates that 18% of the total ...