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Tuesday, December 15, 2020
CP Foods Thailand pledges responsible corn sourcing
In a press release, Charoen Pokphand Foods PCL (CP Foods) reassures the company only buys corn of responsible and traceable origin, which have legal land documents and have proven their non-involvement with forest encroachment, in an effort ...
Tuesday, December 15, 2020
China Corn: Prices climb to new highs, government releases reserves (week ended Dec 11, 2020)
China government halted corn reserves stockpiling and released 576,600 tonnes of state reserves. Traders turned cautious while supplies increased, hence limiting corn price rise.
Tuesday, December 8, 2020
China Corn: Prices break new highs (week ended Dec 4, 2020)
Buyers were keen to stock inventories of corn in view of inadequate availability in 2021. Soaring to new highs corn prices, broke the record set in July 2014.
Tuesday, December 1, 2020
China Corn: Prices set to hit new highs (week ended Nov 27, 2020)
Corn prices increased further amid concerns of inadequate availability. Despite ample supplies in the near term, China is expected to face corn shortages in 2021, particularly in the south where livestock inventories recover steadily.
Friday, November 27, 2020
IGC cuts corn crop forecast
The International Grains Council (IGC) on November 26 cut its forecast for global corn production in the 2020/21 season, Reuters reported.
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.
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