July 8, 2020
China Corn Weekly: Market stays firm (week ended Jul 3, 2020)
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Corn prices remained strong despite the government's auctioning of reserves corn, as buyers were keen to stock inventories in view of tight availability. However, prices hikes were limited while the usages of corn were limited by slow feed consumption.
In anticipation of tight corn supply, traders will withhold releases. Even as livestock feed producers limit production, corn prices will continue to rise unless more supplies are available.
Full version of the report is available at https://spoutinfo.com/market-forecast-detail/31/32/265/1982
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