Corn surges in Chicago ahead of Trump inauguration

Corn and soybean prices in Chicago have increased due to a combination of upcoming trade relations decisions by President Trump and deteriorating growing conditions in Argentina. The Buenos Aires Stock Exchange has downgraded its soybean and corn ratings, indicating very volatile two-week forecasts for the region. As a result, SRW wheat, corn, and soybeans for delivery in March 2025 have experienced significant price hikes.

Corn and soybean prices ended the week with a significant upward surge this Friday evening in Chicago, on the eve of a long weekend. The American markets will indeed be closed this Monday on the occasion of Martin Luther King Day. This day will also be marked by the inauguration of Donald Trump, whose first days as president and his decisions concerning his trade relations with China, Canada and Mexico will be particularly scrutinized by operators. The market has also gained in firmness after a sharp deterioration in growing conditions in Argentina. The Buenos Aires Stock Exchange cut its soybean ratings from "good to excellent" by 17 points, to 32% in its latest weekly publication, while corn ratings were lowered by three points, to 39% from "good to excellent". The extent of the rains announced this weekend in Argentina thus remains in ...