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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.
Monday, October 5, 2020
China Corn: Slower pre-festive sales hold prices stable (week ended Oct 2, 2020)
Sales of corn slowed due to the approaching of Mid-autumn Festival and the long October holidays. This helped to ease the upward pressure of the corn market due to the anticipation of tight corn availability.
Friday, October 2, 2020
China Corn: Robust demand lift prices (week ended Sep 25, 2020)
In view of soaring corn prices amid tight availability, deep processors eagerly stocked inventories. Hence, even as farmers were keen to release newly harvested corn, which were difficult to preserve due to the high moisture content, prices ...
Thursday, October 1, 2020
US stockpiles for soybean and corn fall as exports increase
The United States Department of Agriculture (USDA) said soybean and corn stockpiles were smaller than estimated as the US increased its exports of the commodities to China in the summer, Reuters reported.
Tuesday, September 22, 2020
China Lysine: Producers stand firm with corn costs high (week ended Sep 21, 2020)
Strong corn prices amid tight availability prompted Chinese lysine producers to stand firm in view of high output expenses. However, with feed producers treading prudently, lysine market lacked momentum even as the operation rate of the sec ...
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