-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
to boost U.
S.
corn export sales
.
High international energy prices , high global fertilizer costs and supply concerns mean that the outlook for planting in the northern hemisphere this spring is more complicated
.
On Friday, May 2022 corn futures on the Chicago Board of Trade (CBOT) settled at around 762.
50 cents per bush, up 8.
25 cents, or 1.
09%, from a week ago
.
US Gulf No.
2 yellow corn was quoted at 8.
6750 cents a bushel, up 7.
25 cents, or 0.
8%, from a week ago
.
Corn futures for June 2022 on the EURONEXT exchange settled at around €349/tonne, up €6 or 1.
7% from a week ago
.
The FOB spot price of Argentine corn in Shanghe was $349/ton, up $6 or 1.
7% from a week ago
.
The May 2022 corn futures on the Dalian Commodity Exchange closed at around 2,854 yuan/ton, down 45 yuan or 1.
6% from a week ago
.
50 cents per bush, up 8.
25 cents, or 1.
09%, from a week ago
.
US Gulf No.
2 yellow corn was quoted at 8.
6750 cents a bushel, up 7.
25 cents, or 0.
8%, from a week ago
.
Corn futures for June 2022 on the EURONEXT exchange settled at around €349/tonne, up €6 or 1.
7% from a week ago
.
The FOB spot price of Argentine corn in Shanghe was $349/ton, up $6 or 1.
7% from a week ago
.
The May 2022 corn futures on the Dalian Commodity Exchange closed at around 2,854 yuan/ton, down 45 yuan or 1.
6% from a week ago
.
International crude oil futures fell this week, hitting a 14-year high on Monday, but then fell sharply and hit the biggest weekly drop since November last year
.
Traders were weighing the impact of supply disruptions in Russia against the prospect of improved supplies from some other producers
.
The April West Texas Intermediate (WTI) contract on the New York Mercantile Exchange (NYMEX) settled at $109.
33 a barrel on Friday, down 5.
49% from a week earlier
.
May Brent crude futures, the global benchmark, settled at $112.
67 a barrel, down 4.
61% from a week earlier
.
.
Traders were weighing the impact of supply disruptions in Russia against the prospect of improved supplies from some other producers
.
The April West Texas Intermediate (WTI) contract on the New York Mercantile Exchange (NYMEX) settled at $109.
33 a barrel on Friday, down 5.
49% from a week earlier
.
May Brent crude futures, the global benchmark, settled at $112.
67 a barrel, down 4.
61% from a week earlier
.
The U.
S.
is currently the only corn exporter with a substantial export supply
S.
is currently the only corn exporter with a substantial export supply
The U.
S.
Department of Agriculture's agricultural supply and demand report for March was generally positive for prices
.
At present, there are still several months before the large-scale harvest of corn in South America is available, and the supply of Ukraine, a major corn exporter, continues to be interrupted, which makes the United States the only supplier in the world capable of exporting corn on a large scale in the next three months
.
S.
Department of Agriculture's agricultural supply and demand report for March was generally positive for prices
.
At present, there are still several months before the large-scale harvest of corn in South America is available, and the supply of Ukraine, a major corn exporter, continues to be interrupted, which makes the United States the only supplier in the world capable of exporting corn on a large scale in the next three months
.
The USDA this month lowered Ukraine's corn exports for 2021/22 to 27.
5 million tons, down 6 million tons from the previous month
.
The forecast for Russian corn exports remains unchanged at 4.
5 million tons
.
The USDA raised its 2021/22 U.
S.
corn export target to 2.
5 billion bushels (63.
5 million tonnes), up 75 million bushels from last month's forecast of 2.
425 billion bushels
.
However, recent increases in U.
S.
corn prices have eroded the attractiveness of U.
S.
corn and prompted importers to look for alternative feed grains
.
Barley is still cheaper than corn in Argentina and Australia at $330/t and $311/t, respectively
.
5 million tons, down 6 million tons from the previous month
.
The forecast for Russian corn exports remains unchanged at 4.
5 million tons
.
The USDA raised its 2021/22 U.
S.
corn export target to 2.
5 billion bushels (63.
5 million tonnes), up 75 million bushels from last month's forecast of 2.
425 billion bushels
.
However, recent increases in U.
S.
corn prices have eroded the attractiveness of U.
S.
corn and prompted importers to look for alternative feed grains
.
Barley is still cheaper than corn in Argentina and Australia at $330/t and $311/t, respectively
.
The U.
S.
Department of Agriculture's weekly export sales report showed net U.
S.
corn sales for the 2021/22 season of 2,143,700 tons for the week ended March 3, 2022, a new annual high and significantly higher than last week and the four-week average
.
The total US corn export sales so far this year have reached 50.
202 million tons, a year-on-year decrease of 15.
7%
.
S.
Department of Agriculture's weekly export sales report showed net U.
S.
corn sales for the 2021/22 season of 2,143,700 tons for the week ended March 3, 2022, a new annual high and significantly higher than last week and the four-week average
.
The total US corn export sales so far this year have reached 50.
202 million tons, a year-on-year decrease of 15.
7%
.
Due to high crude oil prices and an optimistic outlook for ethanol demand, the USDA this month raised corn use for the 2021/22 U.
S.
ethanol industry by 25 million bushels to 5.
350 billion bushels, raising total U.
S.
corn use by 100 million bushels.
Corn ending stocks are lowered 100 million bushels accordingly, to 1.
44 billion bushes from last month's forecast of 1.
54 billion bushes, but still up 16.
6% from the previous year's 1.
235 billion bushels
.
S.
ethanol industry by 25 million bushels to 5.
350 billion bushels, raising total U.
S.
corn use by 100 million bushels.
Corn ending stocks are lowered 100 million bushels accordingly, to 1.
44 billion bushes from last month's forecast of 1.
54 billion bushes, but still up 16.
6% from the previous year's 1.
235 billion bushels
.
Argentina corn production lowered, but Brazil corn output unchanged
On March 9, the U.
S.
Department of Agriculture lowered Argentina's corn production to 53 million tons from 54 million in the previous month, as lower yields more than offset increased plantings
.
Argentine corn exports are expected to remain unchanged at 39 million tonnes despite the lower production
.
The U.
S.
Department of Agriculture left Brazil's corn production unchanged at 114 million tons, up 31 percent from the previous year's 87 million tons, which were reduced by frost and drought
.
It should be noted that South American corn is still several months away from the market
.
Brazil's second-crop corn is usually harvested in June and July, while Argentine corn may be available later
.
S.
Department of Agriculture lowered Argentina's corn production to 53 million tons from 54 million in the previous month, as lower yields more than offset increased plantings
.
Argentine corn exports are expected to remain unchanged at 39 million tonnes despite the lower production
.
The U.
S.
Department of Agriculture left Brazil's corn production unchanged at 114 million tons, up 31 percent from the previous year's 87 million tons, which were reduced by frost and drought
.
It should be noted that South American corn is still several months away from the market
.
Brazil's second-crop corn is usually harvested in June and July, while Argentine corn may be available later
.
Brazil's National Commodities Supply Corporation (CONAB) on Tuesday forecast Brazil's total corn production in 2021/22 at 112.
3 million tons, unchanged from its February forecast and 29 percent higher than the previous year's crop, which was reduced by drought and frost
.
CONAB expects Brazil to export 35 million tons of corn in 2021/22, unchanged from last month's forecast
.
Imports were 1.
7 million tonnes
.
Research firm StoneX said Brazil's corn exports will reach 40 million tonnes, depending on second-crop corn production
.
3 million tons, unchanged from its February forecast and 29 percent higher than the previous year's crop, which was reduced by drought and frost
.
CONAB expects Brazil to export 35 million tons of corn in 2021/22, unchanged from last month's forecast
.
Imports were 1.
7 million tonnes
.
Research firm StoneX said Brazil's corn exports will reach 40 million tonnes, depending on second-crop corn production
.
Brazil's second-crop corn planting progress was 81 percent as of March 3, 2022, up from 64 percent a week earlier and up from 54 percent in the same period in 2020/21, AgRural said on Monday
.
So far, the weather has been favorable for planting, and those dry fields also received beneficial rains last week, the report said
.
Brazil's first corn harvest for the 2021/22 season is 45 percent complete, up from 37 percent a week ago and 35 percent a year earlier
.
AgRural currently forecasts Brazil's 2021/22 corn production at 110.
9 million tonnes
.
This forecast will be revised in the first half of March
.
.
So far, the weather has been favorable for planting, and those dry fields also received beneficial rains last week, the report said
.
Brazil's first corn harvest for the 2021/22 season is 45 percent complete, up from 37 percent a week ago and 35 percent a year earlier
.
AgRural currently forecasts Brazil's 2021/22 corn production at 110.
9 million tonnes
.
This forecast will be revised in the first half of March
.
The Rosario Grain Exchange lowered its 2021/22 soybean and corn production forecasts for Argentina as drought hit crops since the start of the year, although recent rains have helped limit further production losses
.
The exchange expects Argentina to produce 47.
7 million tons of corn, down from an earlier forecast of 48 million tons
.
The exchange said corn yields are likely to fall to the lowest level in a decade due to a lack of rain in Argentina from late December to early January and a series of high temperatures
.
Argentina's corn harvest is now 8 percent complete, up from 4 percent a year ago
.
.
The exchange expects Argentina to produce 47.
7 million tons of corn, down from an earlier forecast of 48 million tons
.
The exchange said corn yields are likely to fall to the lowest level in a decade due to a lack of rain in Argentina from late December to early January and a series of high temperatures
.
Argentina's corn harvest is now 8 percent complete, up from 4 percent a year ago
.
EU buyers turn to Argentine GMO corn
Ukraine has been a major corn supplier to the EU
.
A shortage of domestic feed in the EU after the conflict between Russia and Ukraine disrupted Ukrainian corn exports has prompted buyers to look to Argentina
.
The EU has so far not confirmed easing restrictions on Argentine GM corn
.
Argentina is the world's second-largest grain exporter, and nearly all corn is genetically modified
.
Spain has asked the European Commission to lift import restrictions on genetically modified corn
.
Argentine agricultural exporters are negotiating with Spain, the head of the Argentine Cereals Exporters and Processors Chamber (CIARA-CEC) said
.
.
A shortage of domestic feed in the EU after the conflict between Russia and Ukraine disrupted Ukrainian corn exports has prompted buyers to look to Argentina
.
The EU has so far not confirmed easing restrictions on Argentine GM corn
.
Argentina is the world's second-largest grain exporter, and nearly all corn is genetically modified
.
Spain has asked the European Commission to lift import restrictions on genetically modified corn
.
Argentine agricultural exporters are negotiating with Spain, the head of the Argentine Cereals Exporters and Processors Chamber (CIARA-CEC) said
.
Prospects for spring planting in Ukraine are eye-catching
The conflict between Russia and Ukraine could lead to fuel and seed shortages, limiting planting of spring crops (maize and sunflower seeds) in Ukraine this year, analyst agency APK-Inform said
.
Ukraine usually begins preparations for spring planting in late February or March
.
Official planting begins around mid-March
.
Ukraine may cut sunflowerseed, rapeseed and corn acreage in 2022 and replace it with grains such as buckwheat, oats and millet, the Ukrainian Farmers Council said on Friday
.
Ukraine's deputy agriculture minister said the main problem for spring planting this year was fuel shortages
.
Seed supply is plentiful at present
.
Some Ukrainian farmers say this year's crop yields may be half normal because of a lack of fertilizers, pesticides and fuel
.
.
Ukraine usually begins preparations for spring planting in late February or March
.
Official planting begins around mid-March
.
Ukraine may cut sunflowerseed, rapeseed and corn acreage in 2022 and replace it with grains such as buckwheat, oats and millet, the Ukrainian Farmers Council said on Friday
.
Ukraine's deputy agriculture minister said the main problem for spring planting this year was fuel shortages
.
Seed supply is plentiful at present
.
Some Ukrainian farmers say this year's crop yields may be half normal because of a lack of fertilizers, pesticides and fuel
.
The spring planting in Russia is not expected to be affected, but the financial sanctions against Russia by the West have caused a sharp depreciation of the ruble, and many banks have been sanctioned, which may affect the sales income and financing of farmers
.
.
Fertilizer supply in focus
Fertilizer supplies are also a growing concern
.
Russia accounts for 23% of the global nitrogen fertilizer market, 17% of the potash market, 14% of the urea market, and 10% of the phosphate market.
Neighboring Belarus accounts for 13% of the potash market
.
This means that nearly one-third of the world's potash fertilizer trade will be affected by the Russian-Ukrainian conflict
.
Russia also accounts for 13% of global crude oil exports and 9% of global natural gas exports, so any disruption could also push up prices for key inputs such as urea and diesel, meaning higher global agricultural production costs
.
Brazil is heavily dependent on Russian fertilizer supplies
.
The Brazilian Association said the current supply of fertilizers in Brazil can meet three months of demand
.
.
Russia accounts for 23% of the global nitrogen fertilizer market, 17% of the potash market, 14% of the urea market, and 10% of the phosphate market.
Neighboring Belarus accounts for 13% of the potash market
.
This means that nearly one-third of the world's potash fertilizer trade will be affected by the Russian-Ukrainian conflict
.
Russia also accounts for 13% of global crude oil exports and 9% of global natural gas exports, so any disruption could also push up prices for key inputs such as urea and diesel, meaning higher global agricultural production costs
.
Brazil is heavily dependent on Russian fertilizer supplies
.
The Brazilian Association said the current supply of fertilizers in Brazil can meet three months of demand
.
