Market Report: Corn Prices Under Pressure – Farmer Sales and Weather Risks Shape the Market

Corn prices at the CBoT and Euronext faced downward pressure. The March contract at Euronext fell by 1.75 EUR to 214.00 EUR/t, while the CBoT March contract slightly gained to 477.5 ct/bu. Farmer sales and global uncertainties dominate the market sentiment.

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Euronext: Corn Prices DeclineCorn prices at Euronext saw notable losses on Wednesday. The March 2025 contract dropped by 1.75 EUR (-0.81%) to close at 214.00 EUR/t. Other contracts also experienced declines:

The declines were driven by farmer sales and profit-taking, following recent high price levels.

CBoT: Modest Recovery Despite PressureAt the CBoT, the March contract rose by 3 ct/bu to 477.5 ct/bu (approximately 188.1 EUR/t). The May contract increased by 2.5 ct/bu to 487.25 ct/bu. Despite the slight recovery, the market remains under pressure from farmer sales and concerns over Brazil’s weather conditions.

Brazil: Delays and Weather RisksBrazil’s corn production remains a key focus, as late soybean harvesting delays the planting of the second corn crop. According to the crop agency Conab, Brazil’s 2024/25 corn production is now estimated at 119.55 million tons, significantly below the USDA’s projection of 127 million tons.

The second corn crop, which accounts for 70-75% of annual production, faces increased weather risks due to delayed planting, especially as Brazil’s rainy season ends in spring.

Outlook: Uncertainty PrevailsCorn markets remain under short-term pressure from farmer sales, profit-taking, and Brazil’s uncertain production outlook. Meanwhile, the weekly EIA ethanol production data and progress in Brazil’s harvest could influence prices.

Market participants will closely watch upcoming USDA reports for further insights into the global supply situation.



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