One-week corn import outlook in Asia
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Last Update: 2002-07-16
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Source: Internet
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Author: User
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Introduction: Dow Jones, Singapore, July 15 news: Asian corn trade industry sources said Monday that Taiwan's mfig group may hold a tender this week to purchase a ship of Panamanian cargo ship grade American corn, with a shipping period from the end of August to the beginning of September, from the US Gulf Some buyers are likely to buy more corn in the far future, in addition to meeting recent demand, due to concerns that US corn prices will rise again A trader at an international trade bank in Taiwan said that in terms of a small deal, someone might buy corn that will be shipped months later The quantity may not be more, but there will be more purchases in the long term He refers to a small transaction, which means that the buyer directly enters into a transaction with the supplier, rather than purchasing through the purchasing group At present, the industry's expectation for CBOT corn to rise again is very high On Friday, CBOT corn closed lower In December, corn fell 1 cent to US $2.3275 per bushel Earlier, corn had a strong rebound supported by weather factors On Monday, the Central Committee of the South Korean Agricultural Association NACF bid to buy 105000 tons of Chinese feed corn Among them, 52500 tons of one ship arrived on November 15, CNF price was US $103.63 per ton, and the other ship arrived on November 30, CNF price was US $103.10 per ton The price is the same as last week's trading price.
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