Grains remain under pressure in Chicago

The US market remained under significant pressure this Wednesday evening in Chicago. Wheat prices are notably locked in their downward spiral after the easing of fears regarding weather conditions in the Northern Hemisphere. Corn prices are also being battered by the return of discussions around 25% customs duties on imports from Mexico and Canada, which could finally be applied as early as next week, after the one-month postponement granted by Donald Trump in early February. The market is also adjusting its positions ahead of the USDA Outlook Forum which will begin this Thursday, and during which the 2025 US surface area and stock estimates will be delivered. The consensus anticipates in particular a significant increase in US corn surface areas, to the detriment of soybean plantings. The return of favorable rains in Argentina, as well as the rapid progress of the Brazilian ...