International Corn Market

26-Feb-2025 08:14 AM

International Corn Market
EIA data will be updated on Wednesday morning, with most expecting ethanol production to remain steady or slightly lower than the previous week. Poor ethanol margins and a buildup in stocks remain a concern.
President Trump has stated that the March 4 start date for tariffs on Mexico and Canada will proceed as planned. Previous threats have been seen as a negotiation tactic, but a large number of investors may be looking to reduce risk.
According to CONAB, Brazil's second corn crop was 53.6% planted as of Sunday, lagging behind last year’s pace of 59% for the same week. ANEC estimates that Brazil’s February corn exports will reach 1.29 million metric tons (MMT), slightly higher than the previous estimate.