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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 ...
Friday, September 18, 2020
Argentinian farmers deliberate between soy and corn for upcoming planting season
Argentinian farmers are projected to grow soy because of its high prices, but the dry weather has driven some farmers on the Pampas grains belt to choose late-season corn that are attractively priced too, Reuters reported.
Thursday, September 17, 2020
Philippine feed millers agree to buy more local corn
Following backlash for citing high local corn prices as the main reason for its decision to import 81,000 tonnes of feed wheat from the Black Sea and Australia, the Philippine Association of Feed Millers Inc. (PAFMI) has agreed to buy more ...
Monday, September 14, 2020
USDA: China's demand for corn and soybeans remains strong
United States Agriculture Department (USDA) data showed China has maintained is strong demand for US corn and soybeans, with traders projecting the US government to increase its export forecast for corn and soybeans soon, Reuters reported.
Tuesday, September 8, 2020
China Corn: Traders release stocks to reap gains (week ended Sep 4, 2020)
Traders who stocked corn inventories earlier were more eager to release stockpiles as prices slid with availability increased.
Thursday, September 3, 2020
China facing food security issues over corn shortage
Rising corn prices are fueling food security concerns in China, with food inflation rising to record levels and President Xi Jinping calling for a stop to food wastage, Reuters reported.
Tuesday, September 1, 2020
China Corn Weekly: Prices continue to fall from high levels (week ended Aug 28, 2020)
Corn prices moved lower in most parts of China as releases of state reserves corn increased. Traders who accumulated stocks in view of supply shortages in the coming period turned cautious while prices softened.
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