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Tuesday, April 21, 2020
China Corn Weekly: Slow yet steady price hikes (week ended Apr 17, 2020)
Corn prices showed no signs of stabilising in China as supplies continued to tighten. Nonetheless, prices hikes were gradual as weak poultry feed demand dampened the confidence of feed producers.
Friday, April 17, 2020
US corn's sown area slides below five-year average
Lower than the five-year average of 4% but similar to 2019 levels, USDA showed 3% of the intended US corn acreage planted through Sunday, according to its first crop progress report for 2020-21 released Monday.
Thursday, April 16, 2020
Corn futures hit record low as ethanol production drops
United States' corn futures reached a 3 ½ year low after record low ethanol output, with plunging demand for the commodity during the COVID-19 pandemic, reported Reuters.
Thursday, April 16, 2020
Corn, soybeans, ASF, coronavirus - and the damage done
Human and animal diseases are slashing world meat consumption estimates but having less of an impact on feed crop supplies. Strangely, the more these diseases depress feed crop markets, the faster the next rally will arrive.
Wednesday, April 15, 2020
EU awards 480,000 tonnes Ukrainian corn imports
Official data showed on Wednesday that the EU has awarded licences to import 480,000 tonnes of corn and 270,000 tonnes of barley under duty-free quotas reserved for Ukrainian supplies.
Monday, April 13, 2020
China Corn Weekly: Prices continueto rise(week ended Apr 10, 2020)
As corn traders held back releases, prices continued to move higher while buyers continued to expandinventories. Feed producers who anticipated poultry feed consumption to recover towards late April increased purchases as well.
Thursday, April 9, 2020
US farmers to plant more corn, soybean acres for 2020
According to the USDA Prospective Plantings report, US farmers intend to plant more corn and soybean acres this year.
Wednesday, April 8, 2020
ABPA says Brazil meat processors will need to import corn from May
Brazil-based meat lobby group ABPA said domestic prices for corn are reaching record high levels, causing the country's chicken and swine processors to look to import the commodity, reported Reuters.
Tuesday, April 7, 2020
China Corn Weekly: Strengthening prices amid dwindling availability (week ended Apr 3, 2020)
Corn prices strengthened while deep processors restocked depleting inventories as supplies dwindled. Traders withheld releases as in view of stronger prices while feed millers limited buying cautiously with livestock feed consumption slow.
Tuesday, April 7, 2020
Kenya's food crisis looms amid declining corn stocks
The COVID-19 pandemic could bring Kenyans into a food crisis if the current corn stocks, which are only sufficient for two months, are not replenished.
Wednesday, April 1, 2020
Brazil's Parana expects more soy, less corn crops
Brazil's Parana raised its forecast for the current 2019-20 soybean crop to a record of over 20 million tonnes, while its estimate for the winter corn crop (safrinha) fell on a lack of recent rainfall stressing plantations in some areas.
Wednesday, April 1, 2020
US corn futures drop as ethanol makers feel COVID-19 limits
As tightening travel restrictions limited demand for biofuel due to the COVID-19 pandemic, US corn futures fell more than 1% on Monday on slowing grain demand from ethanol makers.
Tuesday, March 31, 2020
Brazil plants 99% of second corn crop, drought a concern
Brazil had planted 99% of the second-corn crop area in the centre-south region through last Thursday, with low rainfall a concern in the states of Mato Grosso do Sul, São Paulo and Paraná, agribusiness consultancy AgRuraltold Reuters.
Tuesday, March 31, 2020
China Corn Weekly: Market stays firm on tight availability(week ended Mar 27, 2020)
Buyers were cautious with purchases in the north as corn quality was not up to expectations with moisture content high. However, with supply limited, particularly in the south, corn prices remained firm during the period in review.
Friday, March 27, 2020
US corn closes slightly higher
On Thursday, the CME Group's farm markets trade weaker with May corn futures settling slightly ¼ cent higher at US$3.48¾ while July corn futures finished ¾ cent higher at US$3.54¼ at closing.
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