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Wednesday, April 28, 2021
Asian feed producers turn to wheat as corn prices surge to multi-year highs
Asian feed producers in China, South Korea and Vietnam have switched to buying more wheat from Australia and the Black Sea region for livestock feed as corn prices surge to multi-year highs, said two Singapore-based grains traders, Reuters ...
Monday, April 26, 2021
Major Brazilian meatpackers turn to wheat as corn prices surge
Brazilian meat lobby ABPA said major meatpackers in the country are turning to wheat as a livestock feed alternative with corn prices surging, Reuters reported.
Monday, April 26, 2021
2020/2021 Argentina corn crop forecast increased to 50 million tonnes
The Rosario grains exchange has increased Argentina's 2020/2021 corn crop forecast from 48.5 million tonnes to 50 million tonnes, because of a higher planting area and good yields in the Cordoba province, Reuters reported.
Monday, April 26, 2021
China Corn: Tightened availability underpins prices (week ended Apr 26, 2021)
Corn availability tightened, prompting traders to lift prices. Farmers, who were more concerned with the spring planting, withheld releases while prices fell below expectations.
Wednesday, April 21, 2021
US corn futures highest in eight years, soybean nears seven year high
Chicago Board of Trade (CBOT) corn futures reached its highest in eight years, while soybean futures neared its highest in seven years, which analysts said are because of tightening supplies supporting cash markets and speculative buying, R ...
Wednesday, April 21, 2021
Brazil's ABPA says the US and Ukraine will benefit from soybean and corn tariff waivers
Ricardo Santin, president of Brazilian meat lobby ABPA, said the government's decision to suspend import tariffs for soybean and corn will benefit the United States and Ukraine, as two countries could export corn to Brazil as livestock feed ...
Tuesday, April 20, 2021
Brazil Agriculture Ministry suspends import duties on soy and corn until end-2021
Brazil's Agriculture Ministry has suspended import duties on soy, soybean meal, soybean oil, and corn until the end of this year as the country looks to slow down inflation caused by surging commodities prices globally, Reuters reported.
Monday, April 19, 2021
China Corn: Price rebound ends five week tumble (week ended Apr 19, 2021)
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.
Tuesday, April 13, 2021
USDA: Corn supply to shrink further due to high demand
The US Department of Agriculture (USDA) said domestic corn supplies will drop more than projected previously due to high demand from the livestock feed, export and ethanol sectors, Reuters reported.
Monday, April 12, 2021
China Corn: Increased availability sinks prices (week ended Apr 12, 2021)
Demand for corn was slow as the livestock sectors stayed weak. Meanwhile, traders in the northeast region eagerly released stocks before the Qingming Festival holidays, hence increasing the downward pressure of corn market.
Monday, April 5, 2021
Upcoming Argentina dry spell to help corn and soy harvest
Climatologists said an upcoming dry spell will help kick off corn and soy harvesting in Argentina, following rains at the country's farm belt since mid-March that has stopped the deterioration of both commodities' yields, Reuters reported.
Monday, April 5, 2021
Corn futures in China drop more than 1.5%
The Dalian Commodity Exchange's most-active corn futures dropped more than 1.5% in early trade on March 31 to RMB 2,610 (~US$397.40; RMB 1 = US$0.15) a tonne, before recovering later, Reuters reported.
Monday, April 5, 2021
USDA: Corn and soybean plantings fall below expectations
The United States Department of Agriculture (USDA) projections for corn and soybean plantings fell below expectations by analysts, resulting in soaring future prices for both commodities, Reuters reported.
Wednesday, March 31, 2021
China Corn: Prices dip further (week ended Mar 26, 2021)
Buyers were not keen to stock inventories while the prices of corn continued to slide with more high moisture grains were released in the market. Traders cut prices in a bid to release excess stocks.
Monday, March 22, 2021
China Corn: Increased reserves releases weaken prices substantially (week ended Mar 19, 2021)
As the releases of old stocks from Sinograin increased substantially, corn prices weakened substantially. Feed producers, who were wary about the outlook of the livestock markets, stood on the side line while corn prices tumbled from histor ...
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