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    Home > Food News > Food Articles > Global Feed Grain Market: Weather Improves, Demand Is Weak, Feed Grain Prices Go Up and Down

    Global Feed Grain Market: Weather Improves, Demand Is Weak, Feed Grain Prices Go Up and Down

    • Last Update: 2022-08-11
    • Source: Internet
    • Author: User
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    Foreign media news on May 22: In the week ended May 20, 2022, global feed grain prices rose and fe.
    The improved weather in the US Midwest will help to speed up the corn planting progre.
    The US corn export sales are still sluggish, and the blending ratio of corn ethanol may be reduced, which will put pressure on corn price.
    However, the global corn supply is expected to decline, the international crude oil is still strong, and the US dollar exchange rate has fallen, limiting the room for corn prices to fa.
     
    July 2022 corn futures on the Chicago Board of Trade (CBOT) settled at around $7875 a bush on Friday, down 5 cents, or 3%, from a week a.
    Spot US Gulf .
    2 yellow corn was quoted at $6675 a bushel, down 175 cents, or 7%, from a week a.
    The June 2022 corn futures on the EURONEXT exchange closed at about 3625 euros/ton, unchanged from a week ago, and the November futures closed at about 3650 euros/t.
    The FOB offer price of Argentine corn in Shanghe is $319/ton, up $8 or 6% from a week a.
    The September 2022 corn futures on the Dalian Commodity Exchange closed at around 2,998 yuan/ton, up 8 yuan or 3% from a week a.
    International crude oil futures rose this we.
    Among them, the West Texas Intermediate (WTI) July contract on the New York Mercantile Exchange (NYMEX) closed at $1128 per barrel, up 52% from a week ago and the fourth consecutive we.
    At the close, the global benchmark July Brent crude futures closed at 1155 yuan a barrel, up 9% from a week a.
    The.

    dollar index closed at 1003 on Friday, down 5 percent from a week earli.
     
     .


    corn planting progresses faster, but rainy weather in the next two weeks,
     
    The.


    Department of Agriculture's weekly crop progress report showed corn planting progress was 49 percent as of May 15, a marked acceleration from 22 percent a week earlier, but still lagging behind last year's 78 percent and the five-year average of 67 perce.

    The national corn emergence rate was 14%, 5% last week, 38% last year, and the five-year average was 3
    The recent improvement in the weather will help farmers to catch up with the progress of spring sowing, and restrict the scale of changing corn arable land to other cro.

    However, Maxar Meteorological Company said that rainy weather is likely to return to the.


    corn belt in the next 15 days, which means that corn planting progress may slow down aga.

    The.


    Department of Agriculture's supply and demand report released last week estimated.


    corn production this year at 15 billion bushels (363 million tons), down 3 percent from a year earlier, as plantings and yields fe.

     
     .


    corn export sales are lackluster
     
    The.


    Department of Agriculture's weekly export sales data showed net.


    corn sales for 2021/22 were 440,000 tons in the week ended May 12, significantly higher than last week, but still 36% below the four-week avera.

    Net sales in 2022/23 were 590,000 tonnes, up from less than 50,000 tonnes a week earli.

    As of May 12,.


    corn export sales totaled 593 million tons so far in 2021/22, a decrease of 14% year-on-ye.

    In 2022/23, the total sales of corn delivered to the United States was 58 million tons, a year-on-year decrease of 36%, of which sales to China were 72 million tons, accounting for 49% of the total sales of new season co.

     
    Data released by China Customs showed that China's corn imports in April were 21 million tons, down from 41 million tons in March, an increase of 14% year-on-year, and corn imports from January to April were 31 million tons, an increase of 5% year-on-ye.

     
    IGC lowers global corn production forecast for new season
     
    On May 19, the International Grains Council (IGC) lowered its forecast for world corn production in 2022/23 by 13 million tons to 184 billion tons, reflecting lower.


    crop producti.

    The IGC lowered its 2022/23.


    corn production by 3 million tons to 363 million, citing slower planting schedules due to excessive rainfall in the planting be.

    The IGC projects Ukraine's 2022/23 maize production at 16 million tonnes, unchanged from its previous forecast and less than half the current season's forecast of 41 million tonnes, due to lower plantings of spring cereals such as corn in Ukrai.

     
    Argentina may raise corn export quota
     
    Argentina may increase its corn export quota for 2021/22 to 35 million tonnes from the current 30 million tonnes, an agriculture ministry official said this we.

    The government expects domestic corn production in 2021/22 to be 57 million tonnes (including corn not intended for commercial use), while the Buenos Aires Grain Exchange forecasts 49 million tonnes of corn for commercial u.

    Exporters have so far declared 27 million tonnes of corn for the 2021/22 season, according to data from Argentina's Ministry of Agricultu.

     
    Brazil's second-season corn production forecast lowered by 6 million tons
     
    Consultancy Agroconsult estimated on May 18 that Brazil's 2021/22 second-season corn production will be 86 million tons, 6 million tons lower than the earlier estimate, due to lack of rain in the Midwe.

    If frost occurs before next month, further production cannot be ruled o.

    possibility of lo.

    The latest crop figures, however, are still well above the 69 million tonnes in 2020/21, when the second crop was damaged by drought and fro.

    Brazil's total corn production is now forecast at 113 million tons, down from the March forecast of 111 million to.

    Brazil's Agriculture Ministry's National Commodity Supply Corporation (Conab) recently projected total corn production in 2021/22 at 1158 million tons, 1 million tons lower than its April forecast due to lower second-season corn yiel.

     
     .


    may reduce blending ratio of corn ethanol
     
    The.


    government will announce in the coming weeks the amount of biofuels such as corn ethanol that.


    refiners must blend into their fuels this ye.

    The White House National Economic Council, chaired by Brian Diess, is examining whether lower blends of ethanol and renewable diesel could help ease rising food and fuel pric.

    High.


    inflation is bad for a Biden Democratic administration's performance in November's midterm electio.

    The.


    Environmental Protection Agency (EPA) submitted its proposal for 2020-2022 biofuel volume regulations to the White House for final review in late Apr.

    Sources said the proposal would retroactively reduce mandatory blends in 2020 and 2021, but increase mandatory blends in 2022, requiring refiners to blend 15 billion gallons of ethanol and 77 billion gallons of advanced biotechnology in 202 fu.

    Competition for fuel and food has intensified this year as global edible oil supplies hit a perfect sto.

    Top sunflower oil exporter Ukraine has seen disruptions in sunflower oil supplies, while top palm oil producer Indonesia recently banned palm oil expor.

    Soybean futures have risen more than 20% so far this year to more than $16 a bush, and corn futures have risen about 30% to more than $90 a bu.

    The alarm bells have been sounded as fuel and food compete for raw materia.

    Grain price.


    corn export ethanol price
     
    July 2022 corn futures on the Chicago Board of Trade (CBOT) settled at around $7875 a bush on Friday, down 5 cents, or 3%, from a week a.

    Spot US Gulf .

    2 yellow corn was quoted at $6675 a bushel, down 175 cents, or 7%, from a week a.

    The June 2022 corn futures on the EURONEXT exchange closed at about 3625 euros/ton, unchanged from a week ago, and the November futures closed at about 3650 euros/t.

    The FOB offer price of Argentine corn in Shanghe is $319/ton, up $8 or 6% from a week a.

    The September 2022 corn futures on the Dalian Commodity Exchange closed at around 2,998 yuan/ton, up 8 yuan or 3% from a week a.

    International crude oil futures rose this we.

    Among them, the West Texas Intermediate (WTI) July contract on the New York Mercantile Exchange (NYMEX) closed at $1128 per barrel, up 52% from a week ago and the fourth consecutive we.

    At the close, the global benchmark July Brent crude futures closed at 1155 yuan a barrel, up 9% from a week a.

    The.


    dollar index closed at 1003 on Friday, down 5 percent from a week earli.

     
     .


    corn planting progresses faster, but rainy weather in the next two weeks,
     
    The.


    Department of Agriculture's weekly crop progress report showed corn planting progress was 49 percent as of May 15, a marked acceleration from 22 percent a week earlier, but still lagging behind last year's 78 percent and the five-year average of 67 perce.

    The national corn emergence rate was 14%, 5% last week, 38% last year, and the five-year average was 3
    The recent improvement in the weather will help farmers to catch up with the progress of spring sowing, and restrict the scale of changing corn arable land to other cro.

    However, Maxar Meteorological Company said that rainy weather is likely to return to the.


    corn belt in the next 15 days, which means that corn planting progress may slow down aga.

    The.


    Department of Agriculture's supply and demand report released last week estimated.


    corn production this year at 15 billion bushels (363 million tons), down 3 percent from a year earlier, as plantings and yields fe.

     
     .


    corn export sales are lackluster
     
    The.


    Department of Agriculture's weekly export sales data showed net.


    corn sales for 2021/22 were 440,000 tons in the week ended May 12, significantly higher than last week, but still 36% below the four-week avera.

    Net sales in 2022/23 were 590,000 tonnes, up from less than 50,000 tonnes a week earli.

    As of May 12,.


    corn export sales totaled 593 million tons so far in 2021/22, a decrease of 14% year-on-ye.

    In 2022/23, the total sales of corn delivered to the United States was 58 million tons, a year-on-year decrease of 36%, of which sales to China were 72 million tons, accounting for 49% of the total sales of new season co.

     
    Data released by China Customs showed that China's corn imports in April were 21 million tons, down from 41 million tons in March, an increase of 14% year-on-year, and corn imports from January to April were 31 million tons, an increase of 5% year-on-ye.

     
      IGC lowers global corn production forecast for new season
     
      On May 19, the International Grains Council (IGC) lowered its forecast for world corn production in 2022/23 by 13 million tons to 184 billion tons, reflecting lower.


    crop producti.

    The IGC lowered its 2022/23.


    corn production by 3 million tons to 363 million, citing slower planting schedules due to excessive rainfall in the planting be.

    The IGC projects Ukraine's 2022/23 maize production at 16 million tonnes, unchanged from its previous forecast and less than half the current season's forecast of 41 million tonnes, due to lower plantings of spring cereals such as corn in Ukrai.

     
      Argentina may raise corn export quota
     
      Argentina may increase its corn export quota for 2021/22 to 35 million tonnes from the current 30 million tonnes, an agriculture ministry official said this we.

    The government expects domestic corn production in 2021/22 to be 57 million tonnes (including corn not intended for commercial use), while the Buenos Aires Grain Exchange forecasts 49 million tonnes of corn for commercial u.

    Exporters have so far declared 27 million tonnes of corn for the 2021/22 season, according to data from Argentina's Ministry of Agricultu.

     
      Brazil's second-season corn production forecast lowered by 6 million tons
     
      Consultancy Agroconsult estimated on May 18 that Brazil's 2021/22 second-season corn production will be 86 million tons, 6 million tons lower than the earlier estimate, due to lack of rain in the Midwe.

    If frost occurs before next month, further production cannot be ruled o.

    possibility of lo.

    The latest crop figures, however, are still well above the 69 million tonnes in 2020/21, when the second crop was damaged by drought and fro.

    Brazil's total corn production is now forecast at 113 million tons, down from the March forecast of 111 million to.

    Brazil's Agriculture Ministry's National Commodity Supply Corporation (Conab) recently projected total corn production in 2021/22 at 1158 million tons, 1 million tons lower than its April forecast due to lower second-season corn yiel.

     
     .


    may reduce blending ratio of corn ethanol
     
      The.


    government will announce in the coming weeks the amount of biofuels such as corn ethanol that.


    refiners must blend into their fuels this ye.

    The White House National Economic Council, chaired by Brian Diess, is examining whether lower blends of ethanol and renewable diesel could help ease rising food and fuel pric.

    High.


    inflation is bad for a Biden Democratic administration's performance in November's midterm electio.

    The.


    Environmental Protection Agency (EPA) submitted its proposal for 2020-2022 biofuel volume regulations to the White House for final review in late Apr.

    Sources said the proposal would retroactively reduce mandatory blends in 2020 and 2021, but increase mandatory blends in 2022, requiring refiners to blend 15 billion gallons of ethanol and 77 billion gallons of advanced biotechnology in 202 fu.

    Competition for fuel and food has intensified this year as global edible oil supplies hit a perfect sto.

    Top sunflower oil exporter Ukraine has seen disruptions in sunflower oil supplies, while top palm oil producer Indonesia recently banned palm oil expor.

    Soybean futures have risen more than 20% so far this year to more than $16 a bush, and corn futures have risen about 30% to more than $90 a bu.

    The alarm bells have been sounded as fuel and food compete for raw materia.

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