Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023 North America: In the third quarter of 2023,  Maize prices  in North America, particularly in the United States, continued their downward trend. This decline was primarily driven by the increased availability of Maize resulting from ongoing harvests in major exporting countries, especially in the northern hemisphere. The U.S. faced challenges with its corn crops due to hot and dry conditions, particularly in the northern regions where the crop was still developing. Severe drought in the western half of the state, occurring as recently as late April, led to many farmers abandoning their crops. However, Maize prices saw a significant decline from their peak in late June during July. This drop was attributed to the onset of the harvesting season, aided by rains in July that facilitated crucial crop development, countering the early-season dry conditions and hot summer temperatures. Additionally, Brazil's significant harvest contributed to it ...

For the Quarter Ending June 2023 North America In North America, particularly the United States, the  Maize (Corn)  market closely mirrored the trends in the Asia-Pacific (APAC) region throughout the second quarter of 2023. Maize prices experienced a continuous decline from the first quarter through June 2023. This persistent downtrend was influenced by increased stockpiles, ample supply from European buyers, the suspension of black sea grain trade by Russia, which continued to exert pressure on the market, and reduced exports from Ukraine, a major producer. The market also faced headwinds from a sharp decline in crude oil prices, impacting Russian edible oil and grain offers and subsequently weighing on Corn, soybeans, and wheat prices. The combination of rising interest rates and higher energy prices negatively affected import activities as production in exporting countries saw a significant decrease. Additionally, Corn prices in North America, especially in the United State...