-
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
S.
Midwest continued to be cold and rainy, and the pace of corn planting remained unchanged.
Slow, the second crop of corn in Brazil 's top region is threatened by drought, and China continues to buy US corn in large sums
.
However, international crude oil futures fell, and the dollar strengthened sharply, suppressing price gains
.
July 2022 corn futures on the Chicago Board of Trade (CBOT) settled at around $8.
135 a bushel on Friday, up 24.
5 cents, or 3%, from a week ago
.
Spot US Gulf No.
2 yellow corn was quoted at $9.
0725 a bushel, up 29.
75 cents, or 3.
4%, from a week ago
.
June 2022 corn futures on the EURONEXT exchange settled at around €349.
25/tonne, up €18.
50 or 5.
6% from a week ago
.
Argentine corn was offered at $325/ton FOB in Shanghe, up $5 or 1.
6% from a week ago
.
The September 2022 corn futures on the Dalian Commodity Exchange closed at around 3,027 yuan/ton, up 27 yuan or 0.
9% from a week ago
.
135 a bushel on Friday, up 24.
5 cents, or 3%, from a week ago
.
Spot US Gulf No.
2 yellow corn was quoted at $9.
0725 a bushel, up 29.
75 cents, or 3.
4%, from a week ago
.
June 2022 corn futures on the EURONEXT exchange settled at around €349.
25/tonne, up €18.
50 or 5.
6% from a week ago
.
Argentine corn was offered at $325/ton FOB in Shanghe, up $5 or 1.
6% from a week ago
.
The September 2022 corn futures on the Dalian Commodity Exchange closed at around 3,027 yuan/ton, up 27 yuan or 0.
9% from a week ago
.
International crude oil futures rose this week, as the possibility of the European Union imposing an embargo on Russian crude oil increased
.
The June West Texas Intermediate (WTI) contract on the New York Mercantile Exchange (NYMEX) settled at $104.
60 a barrel, up 2.
6% from a week ago
.
July Brent crude futures, the global benchmark, settled at $107.
14 a barrel, up about 1% from a week ago
.
On the monthly line, Brent crude oil rose 4.
29% in July, and WTI crude oil rose 6.
26% in June, also rising for the fifth consecutive month
.
The U.
S.
dollar index closed at 103.
21 on Friday, up 2.
1 percent from a week earlier
.
.
The June West Texas Intermediate (WTI) contract on the New York Mercantile Exchange (NYMEX) settled at $104.
60 a barrel, up 2.
6% from a week ago
.
July Brent crude futures, the global benchmark, settled at $107.
14 a barrel, up about 1% from a week ago
.
On the monthly line, Brent crude oil rose 4.
29% in July, and WTI crude oil rose 6.
26% in June, also rising for the fifth consecutive month
.
The U.
S.
dollar index closed at 103.
21 on Friday, up 2.
1 percent from a week earlier
.
U.
S.
corn planting delayed
S.
corn planting delayed
The U.
S.
Department of Agriculture's weekly national crop progress report on Monday showed that U.
S.
corn planting progress still lags behind previous levels
.
As of Sunday, April 24, U.
S.
corn planting progress was 7%, 4% last week, 16% last year, and 15% over the same five-year average
.
Analysts had expected progress of 9% ahead of the report, with a forecast range of 6% to 12%
.
Rainfall forecasts from the National Oceanic and Atmospheric Administration (NOAA) point to widespread rain in the U.
S.
Midwest from Friday to Monday, meaning corn planting will continue to face delays
.
In its March Planting Intentions report, the U.
S.
Department of Agriculture projected a 4% reduction in corn acreage this year from the previous year due to surging production costs
.
If corn planting continues to be delayed, some corn fields may be replanted with soybeans
.
S.
Department of Agriculture's weekly national crop progress report on Monday showed that U.
S.
corn planting progress still lags behind previous levels
.
As of Sunday, April 24, U.
S.
corn planting progress was 7%, 4% last week, 16% last year, and 15% over the same five-year average
.
Analysts had expected progress of 9% ahead of the report, with a forecast range of 6% to 12%
.
Rainfall forecasts from the National Oceanic and Atmospheric Administration (NOAA) point to widespread rain in the U.
S.
Midwest from Friday to Monday, meaning corn planting will continue to face delays
.
In its March Planting Intentions report, the U.
S.
Department of Agriculture projected a 4% reduction in corn acreage this year from the previous year due to surging production costs
.
If corn planting continues to be delayed, some corn fields may be replanted with soybeans
.
China makes four big purchases of U.
S.
corn in April
S.
corn in April
On April 28, private U.
S.
exporters reported sales of 1.
09 million tons of corn to China
.
This is also the fourth time since the beginning of April that China has purchased more than one million tons of U.
S.
corn, accumulatively buying 4.
54 million tons of U.
S.
corn, of which 2.
57 million tons will be delivered before the end of August; 23 year delivery
.
Previously, private U.
S.
exporters reported sales of 1.
347 million tons of U.
S.
corn to China on April 21, sales of 1.
02 million tons of U.
S.
corn to China on April 8, and sales of 1.
084 million tons of corn to China on April 1
.
China's big purchases of U.
S.
corn have been driven by disruptions to Ukrainian corn exports and a drop in the acreage planted to the new crop, which some analysts this week expected output could drop by as much as 50 percent
.
S.
exporters reported sales of 1.
09 million tons of corn to China
.
This is also the fourth time since the beginning of April that China has purchased more than one million tons of U.
S.
corn, accumulatively buying 4.
54 million tons of U.
S.
corn, of which 2.
57 million tons will be delivered before the end of August; 23 year delivery
.
Previously, private U.
S.
exporters reported sales of 1.
347 million tons of U.
S.
corn to China on April 21, sales of 1.
02 million tons of U.
S.
corn to China on April 8, and sales of 1.
084 million tons of corn to China on April 1
.
China's big purchases of U.
S.
corn have been driven by disruptions to Ukrainian corn exports and a drop in the acreage planted to the new crop, which some analysts this week expected output could drop by as much as 50 percent
.
The U.
S.
Department of Agriculture's weekly export sales report showed net U.
S.
corn sales for the 2021/22 season, which includes new season corn, were within the expected range of 1.
71 million tons for the week ended April 21
.
Among them, 1.
34 million tons were sold to China
.
Total U.
S.
corn export sales so far in 2021/22 are 57.
52 million tons, down 15.
1% year-over-year
.
S.
Department of Agriculture's weekly export sales report showed net U.
S.
corn sales for the 2021/22 season, which includes new season corn, were within the expected range of 1.
71 million tons for the week ended April 21
.
Among them, 1.
34 million tons were sold to China
.
Total U.
S.
corn export sales so far in 2021/22 are 57.
52 million tons, down 15.
1% year-over-year
.
Brazil's second-crop corn outlook threatened by drought
Brazil's top corn-producing state, Mato Grosso, suffered its driest month in 17 years in April, threatening the growth of the local second-crop corn crop
.
The weather service EarthDaily Agro said the state could have accumulated just 30mm of rain in April, 70% below the 10-year average
.
In the neighboring state of Goias, the accumulated precipitation in April was just 12.
5mm, well below the average of 80mm
.
The drought in the corn-producing areas has lasted for more than a month
.
Brazil's National Commodities Supply Corporation (CONAB) expects Mato Grosso state's second-crop corn production to reach about 40 million tons this year, accounting for half of the country's total output of 88.
5 million tons
.
Brazil's total corn production is expected to exceed 115 million tons this year
.
If Brazil's corn crop falls, exports and domestic supplies are likely to push further gains in corn, which is already at record highs
.
.
The weather service EarthDaily Agro said the state could have accumulated just 30mm of rain in April, 70% below the 10-year average
.
In the neighboring state of Goias, the accumulated precipitation in April was just 12.
5mm, well below the average of 80mm
.
The drought in the corn-producing areas has lasted for more than a month
.
Brazil's National Commodities Supply Corporation (CONAB) expects Mato Grosso state's second-crop corn production to reach about 40 million tons this year, accounting for half of the country's total output of 88.
5 million tons
.
Brazil's total corn production is expected to exceed 115 million tons this year
.
If Brazil's corn crop falls, exports and domestic supplies are likely to push further gains in corn, which is already at record highs
.
The vice president of the Mato Grosso Soybean and Corn Growers Association (Aprosoja-MT) believes that the second crop has lost some yield potential, and if there is no significant rainfall between now and the end of May in the second corn growing areas, the loss will be increase
.
American Agricultural Resources Brazil lowered its forecast for Brazil's 2021/22 second-crop corn production by 0.
78% to 84.
44 million tons, as corn plantings in states such as Mato Grosso and Mato Grosso do Sul were lowered and the past few weeks Dry weather in the Midwest has affected the local corn yield potential
.
.
American Agricultural Resources Brazil lowered its forecast for Brazil's 2021/22 second-crop corn production by 0.
78% to 84.
44 million tons, as corn plantings in states such as Mato Grosso and Mato Grosso do Sul were lowered and the past few weeks Dry weather in the Midwest has affected the local corn yield potential
.
