In May, American farmers expected a new increase in corn prices and were in no hurry to sell it, but prices fell, the online publication Agrarheute reported on June 18.
US corn inventories are above long-term averages. It is not yet clear when farmers will begin active sales. On June 17, the price of corn on the Chicago Stock Exchange for delivery in September fell by 0.7 dollars (61 rubles), or 1.5%, from 4.57 dollars (400 rubles) to 4.5 dollars (400 rubles). 390 rubles) per bushel, or 15,354 rubles per ton.
There is demand for corn. Reuters reports that some buyers are offering bonuses to farmers. Once demand is satisfied, buyers lower prices again. There is a power struggle between farmers and traders.
Farmers continue to store last year’s harvest. Corn inventories could reach a six-year high in September 2025, according to the United States Department of Agriculture (USDA).
The great supply drives down prices. US farmers can only hope that bad weather will drive up prices. The USDA rates 47% of U.S. crops as good, 33% as fair, and 8% as excellent. Only 9% are in poor condition and 3% in very poor condition.
In the EU everything is different. France’s Grain Strategy Ministry has lowered its forecast for this year’s EU corn crop from 63.3 million tonnes to 62.6 million tonnes, around last year’s level, despite an increase in the planted area.
European grain prices are synchronized with world prices. The price of corn on the European Stock Exchange (Matif) in Paris recently fell. On June 17, the contract for delivery in November was closed at 209 euros (19.5 thousand rubles) per ton, 2.5 euros (235 rubles) less than the Friday price and 8 euros (745 rubles) less than the price of 217 euros. (20 thousand rubles) per ton on June 11.
Source: Rossa Primavera
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