One week outlook of Asian corn market: Taiwan, Japan and South Korea will buy corn

Introduction: according to traders, Taiwan may buy 70000 tons of American corn this week, while Japan and South Korea will also buy a small amount Taiwan: one or two ships of corn shipped in July and August may be purchased as usual this week Taiwan sugar company plans to buy 18000 tons of American corn, which will be shipped in July Mlfg will wait and see this week after buying 56000 tons of US corn recently Mfig is likely to bid because its last purchase was in mid May The two companies usually buy about three ships of corn a month Due to the oversupply in the local market, the purchase volume in June was reduced to about two ships However, some group members believe that from July, the purchase volume will return to about three ships South Korea: in the past two weeks, South Korea has been more active in buying corn, which can meet the demand of September So this week, South Korea may wait and see However, some buyers may also buy some Chinese corn transported by boat from August to September, according to sources NACF purchased 37500 tons of Chinese feed corn through bidding on Friday, which was shipped in three batches, and arrived in July and August, with the transaction price of 105.68-106.88 USD / ton Japan: Japan has ordered 75% - 80% of corn from July to September There will still be some sporadic purchases next week It is expected that some American corn will be purchased for livestock feed On the one hand, American corn is more attractive, on the other hand, American corn is not at risk of foot-and-mouth disease According to traders, more than half of the corn purchased in Japan from July to September is non-U.S corn, while some trading companies have purchased a small amount of Brazilian and Argentine corn to produce corn starch Southeast Asia: demand is weakening this week after Indonesia recently bought a lot of corn Traders said that a trading company offered 10000 tons of American corn just shipped to Indonesia the previous week, but so far there are no buyers The Thai feed factory is looking for a ship to ship 15000 tons of Thai corn to its factory in Indonesia Another Indonesian trading company is unloading 6000 tons of Chinese corn at the port of Jakarta Malaysian buyers are still expected to buy corn in the local market this week, as they are cheaper to buy than to import The Argentine corn purchased by some local brokers and international trading companies has not been sold out, and the current quotation is only $100 / T C § F, while the current quotation of American corn to Malaysia is $108-109 / T C § F, and that of Argentine corn is $109-110 / T C § F Thailand's government procurement agency plans to put 177020 tons of corn in stock on the local market, so it invited local corn users to submit bids on Thursday, but the bidding results are not clear.