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Tuesday, August 18, 2020
China Corn Weekly: Prices surge sharply in most regions, soften in others (week ended Aug 14, 2020)
High prices enticed traders to release corn inventories, helping to lower prices in several parts of China. However, price hikes in Shanghai, Nanjing and Chengdu surged 17%, 14% and 10% respectively amid inadequate availability.
Tuesday, August 18, 2020
USDA raises US corn, soybean output forecast
The US Department of Agriculture increased its estimates of US 2020/21 corn and soybean production more than what most analysts expected, Reuters reported.
Wednesday, August 12, 2020
10 million acres of Iowa corn farmland devastated by storm
Mike Naig, Iowa Agriculture Secretary said the Derecho storm on July 10 had impacted about 10 million acres of Iowa corn farmland and millions of bushels of grain storage, Reuters reported.
Wednesday, August 12, 2020
Argentina expects over six million hectares corn area
The soon-to-be planted 2020/21 corn crop of Argentina is seen at around 6.3 million hectares, same as the area of the recently gathered crop, thanks to attractive prices, local growers and analysts said, Reuters reported.
Wednesday, August 12, 2020
China Corn Weekly: Faster price hikes amid shortages (week ended Aug 7, 2020)
Prices of corn surged at a faster pace as buyers were more wary of the shortages of grains in China. In Zhengzhou, Henan, corn prices jumped by as much as 12% amid tight availability.
Tuesday, August 11, 2020
US Department of Energy clarifies corn use for feedstock
In the most recent Funding Opportunity Announcement (FOA), the US' Department of Energy's (DOE) Bioenergy Technologies Office (BETO) clarified that corn grain is an acceptable feedstock, Ohio's Country Journal reported.
Tuesday, August 4, 2020
Chinese buyers buy record value US corn as tensions rise
According to the USDA, private exporters sold 1.937 million tonnes of corn to China for delivery in the 2020/21 marketing year, Reuters reported.
Tuesday, July 28, 2020
Nigeria bank's corn import ban may hurt poultry industry
The Central Bank of Nigeria's (CBN) recent directive on corn import ban has been described as ill-timed, with potentially negative consequences for Nigeria's poultry sector, Premium Times reported.
Tuesday, July 28, 2020
China seeks to sell wheat, rice to tame soaring corn prices
China plans to sell rice and wheat from state reserves to animal feed producers who are struggling with high corn prices, sources familiar with the matter said, Reuters reported.
Monday, July 27, 2020
China Corn Weekly: Hampered deliveries, firm demand strengthen prices (week ended Jul 24, 2020)
Deliveries of corn were hampered in several regions of China, particularly in the south where floods were serious. With supplies inconsistent and buyers keen to stock inventories amid concerns of scarcity, corn prices surged further.
Wednesday, July 22, 2020
South Korea's feed agency rejects 69,000-tonne corn
According to European traders, the Korea Feed Association (KFA) have rejected all offers and made no purchase in a tender last Thursday to buy up to 69,000 tonnes of corn, Reuters reported.
Tuesday, July 21, 2020
China Corn Weekly: Slow, steady price hike (week ended Jul 17 2020)
Tight availability of quality corn continued to push price higher even though overall market supply increased due to the sales of state reserves stocks. As several parts of China experienced severe floods that raised water levels to record ...
Friday, July 17, 2020
Sinograin has no corn quality issues in stocks
After probing into the corn quality in one of Sinograin's warehouses, the China's state stockpiler stated on Tuesday that it had found none of the problems alleged in a video shared on social media over the weekend, Reuters reported.
Wednesday, July 15, 2020
Sinograin probes corn quality in northeastern China
Sinograin is investigating the corn quality in one of its warehouses in northeastern China, after a video showed that the site was full of mouldy, low-grade corn, China's state grain stockpiler said Sunday, Reuters reported.
Tuesday, July 14, 2020
China Corn Weekly: Prices stay at five-year highs (week ended Jul 10, 2020)
More corn supplies from the state reserves auctions were available in the market, hence fulfilling and demand from deep processing industry to a certain extent. However, supplies remained tight, prompting several deep processors to halt ope ...
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