The article provides an overview of the current situation and future projections for corn markets both in the United States and internationally. It reports a slight increase in futures prices for March corn at the Chicago Board of Trade and a slight decrease at Euronext, while noting a rise in the FOB price of Argentine corn and a drop in Brazilian corn futures. The article also mentions a decrease in crude oil futures and an increase in the ICE dollar index.
It highlights the USDA's expectations for increased US corn export sales, which are on track to surpass the target, despite a slight dip in net sales from the previous week. There's optimistic forecasting from private institutions regarding the increase in Brazil's corn production and a report on the progress of corn planting in Argentina. The article also touches on the anticipation of a nearly 3% rise in EU corn production for the 2025/26 season, attributed to recovered yields. It concludes by discussing the factors influencing the trend in Chicago corn futures, including weather conditions in South America, the trade agreement between China and the US, and the tightening corn supply in the US and globally, which is expected to support high corn prices.