Corn The corn spot market has been under pressure because there was a good harvest in February. This caused a drop in FOB basis levels. Cargo was traded at +36/35 CK for April. Demand came from Latin America; there was also some interest from Dubai and the UAE for similar positions. ARGENTINA On the deferred positions, Argentine corn is offered at +40 CN FOB Upriver for June and July. There is no demand so far. We believe that basis will fall when there is more demand. The good condition of Argentina's second crop corn will bring good volume for June shipment onwards. This is one reason why traders want to sell now, before Brazilian corn (offered at +75/70 CU for August, equivalent to +16/20 CN) enters the market.There is no demand for...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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Accountability and a comprehensive approach to export programming
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