➡ Corn Near-Term Futures Rally on Delayed Planting – EU Imports from U.S. Rise Sharply

Corn prices continued to recover on Monday, supported by adverse weather delaying planting in the U.S. and strong European demand for American corn.

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U.S. corn futures extended gains for a second session. Contracts for early delivery reached their highest level in nearly three weeks. The market remained largely unaffected by tariff-related headlines, as the focus shifted to weather and export dynamics. Euronext prices rose slightly, also supported by wheat and ongoing import concerns.

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📈 Market Situation & Price Development

🇺🇸 CBOT (U.S. Market)

➡ Prices strengthened on short-term supply concerns and strong demand.

🇪🇺 Euronext (EU Market)

➡ Slight gains in early deliveries, supported by firm spot prices and wheat markets.

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🔍 Key Market Drivers

• 🌧 Planting Delays in the U.S.:Persistent rainfall in the southern Corn Belt and southeastern U.S. is disrupting spring fieldwork.
  • Field progress is slower than expected
  • The soil remains saturated in parts of the Ohio Valley and Mississippi Delta
• 🌎 EU Import Surge from the U.S.:
  • EU imports (Jul 1–Apr 6): 16.21 million tons (+13% YoY)
  • U.S. share: ↑ from 0.8% → 21.1%
  • U.S. exports to EU: 3.42 million tons (prev. year: 114,000 tons)
  • Ukraine remains top supplier (9.17 Mt), Brazil dropped sharply to 1.62 Mt
• 🚢 USDA Export Sales Update:
  • Spain bought 240,000 tons of U.S. corn for 2024/25 delivery
  • Demand from the EU remains robust despite trade friction
• 📊 WASDE Report Ahead (Thursday):
  • No major adjustments expected for 2024/25
  • First 2025/26 outlook expected in May

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☁️ 14-Day Weather Trend (Key Growing Regions)

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🌍 Global Corn Production & Stocks

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📊 Corn Production – 3-Year Comparison (Top 5 Producers)

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💡 Trading Recommendations & Market Assessment

• 🔼 Bullish for early deliveries due to delayed U.S. planting and firm EU imports
• 📉 Tariff impacts muted – China is not a major U.S. corn buyer
• 🧭 Focus this week: WASDE report, EU tariff vote, and field conditions

Strategy:Supportive near-term outlook – maintain long exposure in early U.S. and EU contracts. Watch for volatility around WASDE and weather headlines.

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🔮 3-Day Price Forecast (April 10–12)

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