Corn prices rebounded slightly after tumbling 6.5% in five weeks. Demand remained flat while supplies tightened as traders held back releases with corn prices falling below expectations.
CNF prices of Peruvian prime-grade fishmeal dipped to US$1,610/tonne. Pre-sales price quotes softened to US$1,600/tonne.
Feed producers were reluctant to make purchases as the livestock markets stayed weak. Hence, even as production decreased lately, methionine sellers were inclined to keep prices low to promote sales.