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Monday, November 23, 2020
China Corn: Tight availability, firm demand drive up prices (week ended Nov 20, 2020)
Port availability of corn tightened lately, hence helping to underpin prices. Meanwhile, increased feed consumption and feed additives production strengthened the demand for corn, prompting traders to lift prices.
Wednesday, November 11, 2020
US corn and soybean stockpiles drop to its lowest since 2013/14
The United States Department of Agriculture (USDA) said corn and soybean supplies in the US will drop to its lowest in seven years because of increased exports and decreased harvest estimations, Reuters reported.
Tuesday, November 10, 2020
China Corn: Prices climb towards to 2014 record highs (week ended Nov 6, 2020)
Despite a shrinking poultry population in October, the demand for corn remained robust as buyers continued to stockpile inventories in anticipation of tighter availability. However, as more wheat, a substitute of corn, is available in the m ...
Tuesday, November 10, 2020
China feed additives: Amino acids markets strengthen in October on rising corn costs
Amino acids prices strengthened amid higher costs while vitamins markets weakened further.
Tuesday, November 3, 2020
China Corn: Market strengthens further on tight supply (week ended Oct 30, 2020)
As supplies of corn remained tight while buyers eagerly stocked inventories, prices soared further, moving closer to July 2014's record highs. The availability of newly harvested corn was limited partly due to low yields and partly the resu ...
Tuesday, November 3, 2020
ADM CEO: COVID-19 outbreaks push demand for US corn and soybeans
Juan Luciano, Archer Daniels Midland (ADM) chief executive officer, said the COVID-19 pandemic is pushing government's food security worries, as importers need US corn and soybeans to meet increased demand, Reuters reported.
Friday, October 30, 2020
USDA: Mexico booked record US corn imports
The United States Department of Agriculture (USDA) said Mexico grains purchasers have booked their largest corn import volume from the United States since December 2019, Reuters reported.
Thursday, October 29, 2020
USDA defends its monthly forecast of US corn imports by China
The United States Department of Agriculture (USDA) defended its monthly forecast of US corn exports to China, which analysts said has already surpassed USDA's estimate, Reuters reported.
Wednesday, October 28, 2020
China Corn: Prices soar further, less than 5% to 2014 records (week ended Oct 23, 2020)
Supplies of corn were tight as harvests were slow while farmers withheld releases in view of soaring prices. Traders and end users who anticipated strong prices ahead amid low availability eagerly stocked inventories. Weekly average price c ...
Tuesday, October 27, 2020
China to boost its corn imports, becoming global top buyer
Industry sources said China's government is looking to issue permits for the import of millions of additional corn through 2021, as livestock feed demand increases, Reuters reported.
Tuesday, October 20, 2020
China Corn: Prices unseen since May 2015 (week ended Oct 16, 2020)
Traders stocked inventories of corn eagerly in view of tight availability, hence supporting prices to move higher. Although newly harvested corn was ready for sale, supply was insufficient to meet demand due to low crop production.
Monday, October 19, 2020
Brazil corn and soy tariffs suspended until early-2021
Brazil's Economy Ministry said it will suspend corn and soy import tariffs from countries outside the Mercosur trade bloc until early-2021 to lower food prices that are increasing inflation, Reuters reported.
Tuesday, October 13, 2020
Angolan mill now produces 3,000 tonnes of cornmeal ready for sale
Nova Cimor Mill in Matala municipality, southern Huíla Province, Angola, has produced over 3,000 tonnes of cornmeal that is now available for sale.
Monday, October 12, 2020
US corn and soybean supplies less than previously projected
The United States Department of Agriculture (USDA) said domestic corn and soybean supplies will be smaller than estimated due to adverse weather reducing the farmers' harvest acreage, Reuters reported.
Friday, October 9, 2020
Major Feedmill Group purchases 131,000 tonnes of livestock feed corn
European Traders said South Korea's Major Feedmill Group purchased about 131,000 tonnes of livestock feed corn in two consignments through a private deal made without an issued international tender on October 7, Reuters reported.
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