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Despite trade tensions and possible new tariffs, demand for American corn remains high. According to Price Futures Group analyst Jack Scoville, the United States currently offers the most favorable conditions on the world market, which allows it to maintain its export position. The news of a 90-day postponement of new import tariffs was positively received

Here are the highlights of the latest cereal and oilseed estimates released by the USDA on April 10: Corn Production World corn production for the 2024/25 campaign would be around 1,215.1 million tonnes (Mt), down 1.2% compared to the 2023/24 cycle, whose latest estimate is 1,229.3 Mt. In the United States, production would reach 377.6 Mt, a drop of 3.1% compared to the previous season (389.7 Mt), while China would increase its harvest by 2.1%, to 294.9 Mt. The European Union, in turn, would fall 4.3%, to 59.3 Mt, while Ukraine, with 26.8 Mt, would record a drop of 17.5% compared to 32.5 Mt. consolidated in the previous cycle. In the case of Brazil, production would reach 126 Mt, which represents an increase of 5.9% compared to the 2023/24 season (119 Mt), while in Argentina the harvest would be around 50 Mt, a figure that would represent a decrease of 2.0% compared to the previous cycle (51 Mt). Exports World corn exports would decrease by 2.4% in this new season, ...

After building immensely bullish bets, speculators in late February rode out Chicago corn’s worst downturn in over a year as the United States prepared to upend global trade. Most of those long positions were dumped during March as economic uncertainties intensified, and corn futures sank to three-month lows by the end of March. But those who stayed the course were rewarded last week. CBOT corn ZC1! surged 6.5% between Monday and Friday, the most-active contract’s best five-day stretch since late 2023. Washington on April 2 announced steep tariffs on goods from almost every country, though much of that was walked back on Wednesday, with hefty rates remaining against China only. The U.S. Department of Agriculture on Thursday cut domestic corn supplies to a level that suggests nearby corn futures could be undervalued, adding fuel to the ongoing rally. Despite many other commodities notching sizable losses amid the escalating global trade war, CBOT corn had drifted 1.6% higher ...