Summary of international and domestic corn news last week

Introduction: 1 International news: the inventory of corn in the United States is 4% lower than that in March 2001 According to the quarterly inventory report released by the U.S Department of agriculture last week, on March 1, 2002, the total inventory of corn in all parts of the United States was 5.8 billion bushels, 4% lower than that on March 1, 2001 Among them, farm inventory was 3.36 billion bushels, down 7% from the previous year Off farm inventories reached 2.44 billion bushels, down slightly from the previous year The consumption for the period from January 2001 to December 2002 was 2.47 billion bushels, compared with 2.49 billion bushels for the same period last year The planting area of corn in the United States is 4% higher than that in 2001 According to the planting intention report released last week by the U.S Department of agriculture, in 2002, corn growers intend to plant 79 million acres of corn, 4% higher than that in 2001, but 1% lower than that in 2000 Many parts of the United States are expected to have more sown area, and all parts of the corn belt are expected to have more sown area Last year, due to the continuous rainfall, farmers encountered problems in sowing, compared with this year's weather has been very coordinated, so farmers hope to sow corn in time But in Pennsylvania, Oklahoma, Kansas and Colorado, farmers plan to reduce the amount of corn they plant because of concerns about too dry weather DDZ sold 787600 tons of corn in the United States last week The U.S Department of Agriculture released the export sales report of agricultural products from March 15 to 21 last week The net sales volume of corn was 787600 tons, 28% lower than last week and 6% lower than the four week average Major sales growth regions include Taiwan (135000 tons), Japan (129200 tons), Egypt (110200 tons), Canada (76600 tons), Mexico (63300 tons), and Iran (63000 tons), partially offset by cancellations of orders to unknown destinations (72500 tons), South Korea (25200 tons), and Ecuador (10000 tons) Exports were 981200 tons, 14 per cent below the average of last week and four weeks Major destinations include Mexico (258400 tons), Japan (248300 tons), Iran (63000 tons), Taiwan (57800 tons), South Korea (54100 tons) and Israel (51900 tons) DDZ in 2002, the corn planting area in the United States increased significantly According to the 2002 planting intention report issued by the U.S Department of agriculture last week, the corn planting area planned by American farmers in 2002 was 79.047 million British acres (31989530 hectares), 4.35% higher than that of 75.752 million acres (30656080 hectares) in 2001 In 2001, the yield of corn per hectare in the United States reached 8.67 tons and 241484860 tons Brazil's corn production is expected to decline by 11% in 2001 / 02, according to the Counselor's report released on the website of the Foreign Agricultural Bureau of the United States Department of agriculture, Brazil's corn production is expected to decline by 11% in 2001 / 02, following the record high yield in 2000 / 01 The premise is that corn grows well in winter and the weather is ideal The summer corn planting area has decreased because many farmers tend to plant soybeans In the southernmost Rio Grande and Santa Catalina, the summer corn losses are heavy due to drought Worried about the decline in corn production, the Ministry of Agriculture announced measures to encourage the increase of winter corn or "safrinha" cultivation, with the winter corn area expected to be significantly higher than the previous year's level Corn area and yield are expected to increase by 2% and 4%, respectively In 2002 / 03, corn will continue to compete with soybean and cotton, and compete with wheat in winter Brazil, the traditional net importer, emerged as an exporter last year, with a record 5.8 million tons of exports Brazil's corn exports benefited from the weakness of the Brazilian currency against the US dollar, the huge supply of goods, and the concerns of the world's largest importing country about genetically modified products The forecast value of corn export in 2002 / 03 is 2 million tons The decline in exports was not due to reduced demand for corn in Brazil, but to smaller inventories and production DDZ officials from Vietnam's Ministry of agriculture and rural development announced on March 26 that they have approved a $80 million plan to develop 1 million hectares of farmland to grow corn, aiming to double the annual yield of corn to 4.5 million tons by 2005 At present, the planting area of corn in Vietnam is 730000 hectares, and the corn output this year is 2.3 million tons Eight years ago, the corn planting area was only 400000 hectares and the output was 700000 tons In 2010, the corn planting area will be expanded to 1.2 million hectares and the output will reach 5 million tons DDZ Taiwan mfig bought 55000 tons of American corn from Cargill Mfig, Taiwan's main feedstuff material purchasing group, bought 55000 tons of American corn from Cargill on Wednesday through bidding, of which 32200 tons of CNF cost 107.79 US dollars per ton; the remaining 22800 tons of CNF cost 70.89 US cents per bushel on CBOT may soybean price The shipment date is may 1-15 from the US Gulf of Mexico, or may 16-30 from the US Pacific Northwest port In 2002 / 03, Thailand needed to import 500000 tons of corn According to the report released by the Overseas Agricultural Bureau of the United States Department of agriculture, due to the expected dry weather, Thailand's rice and corn production may be reduced in 2002 / 03 market year The report is due on March 21 and released today Thailand's corn production is expected to decline to 4 million tons in 2002 / 03 due to the possible severe impact of El Ni? O weather and the reduction of corn planting area Due to the healthy development of livestock breeding industry, domestic corn demand should be further increased Due to the decrease of domestic supply and the increase of demand, the import volume will need to be increased in 2002 / 03, which is about 500000 tons However, the export of American corn to Thailand is still very small unless the current import policy of Thailand is adjusted so that American corn can compete with other suppliers such as Argentina and China Thailand's corn export in 2002 / 03 should not be higher than 100000 tons because of the tight domestic supply and demand DDZ Argentina's corn export fell sharply in January, according to the data released by the Argentine Ministry of agriculture on Tuesday In January 2002, Argentina's wheat export was 2233787 tons, up from 2179017 tons in the same period of last year; corn export was 217175 tons, far lower than 1018300 tons in January last year Soybean exports were 22628 tons, compared with 142 tons in the same period last year 362 tons of sunflower seeds, 325 tons in the same period last year Other products exported 18751 tons, compared with 34739 tons last year A total of 2492703 tons, compared with 3232523 tons in the same period last year DDZ Russia's grain export in 2001 / 02 reached 4.2 million tons Ogo group, a major Russian grain trading company, said Tuesday that Russia's grain export in the current market year is likely to reach 4.2 million tons, compared with 3.24 million tons in 2000 / 01 The amount of grain sold in Russia's domestic market in this year reached 94.4 million tons, including the output in 2001 and the carry over inventory of the previous year The supply is 27.3% higher than that of the previous year Russia harvested 85 million tons of grain in 2001, an increase of 29.8% over 2000 In January, Russia exported 492000 tons of grain, 25 times higher than the same period last year In February, Russia exported 300000 tons of grain Grain exports are expected to fall in March, mainly due to higher railway tariffs and higher EU import tariffs on poor grain Although Russia's grain exports to the EU have declined, Ogo said Russia's grain exports to CIS countries have increased Kazakstan increased its purchase of wheaten wheat, while Ukraine increased its import of feed DDZ Ukraine will export 10 million tons of food in 2001 / 02, the Ukrainian Food Association revealed last week that Ukraine will have 10 million tons of food to export in 2001 / 02 market year So far this year, 7.2 million tons of grain have been exported, and the total volume of export contracts is 9.2 million tons However, Ukraine's Ministry of Agriculture said that due to the lack of infrastructure in ports and grain warehouses, grain exports from now until the end of the market year may be only 500000 tons In the current year, the government and grain exporters signed a memorandum to prevent prices from plummeting due to the abundant supply in the domestic market Ukraine exports most of its food to the Middle East, North Africa, Spain, Portugal, Italy and France In the calendar year 2001, Ukraine exported 5 million tons of food, an increase of 285% compared with the level in 2000, due to a good harvest Ukraine's grain output in 2001 was nearly 40 million tons, while that in 2000 was 24.4 million tons The Ukrainian Ministry of agriculture is expected to produce 26.6 million tons this year 2、 Domestic news: South Korean companies bought 50000 tons of Chinese corn from Cargill Last week, South Korean traders revealed that South Korea's main feed processing plant group (MFG) bought 50000 tons of Chinese corn from Cargill through private negotiations on Tuesday CNF price is US $102.70 per ton This batch of corn is divided into two ships, 25000 tons are scheduled to arrive at Qunshan port on July 30, and the remaining 25000 tons will arrive at Qunshan on August 30 Kocopia in South Korea bought 105000 tons of edible corn, half of which was purchased by the Korean corn processing industry association of China (kocopia) in last week's bidding Among them, 52500 tons are Chinese corn purchased from Concordia, with CNF price of US $102.98 per ton The shipment is from June 1 to 20 and arrives at Incheon port on June 20 The second batch of Hungarian corn was purchased from Glencore, with a quantity of 52500 tons and CNF price of US $113.89 per ton The shipment is from May 10 to 30 and arrives at Incheon port on July 5 Kocopia originally planned to purchase 157500 tons of corn, but gave up the purchase of the third batch of 52500 tons of corn The reason is not clear DDZ domestic corn acquisition is basically stagnant At present, domestic corn acquisition is basically stagnant The ex warehouse price of corn in Jilin production area is 950-970 yuan / ton, basically the same as that in the earlier stage The ex warehouse price of corn in Heze area of Shandong Province is 950-960 yuan / ton However, corn prices in northern ports show signs of starting At present, the closing price of corn in Dalian port is 1040-1050 yuan / ton, 10 yuan / ton higher than that in the earlier stage; the price in Qinhuangdao port is 1030-1040 yuan / ton, 10 yuan / ton higher than that in the earlier stage With the passage of time, the purchase intention of grain enterprises in the south is gradually strong In Jinhua, Zhejiang Province, the arrival of corn in Northeast China and Shandong Province is half, with an average of 15 carts per day, among which the price of corn in Northeast China is 1100-1110 yuan / ton, and that in Shandong Province is 1120 yuan / ton Northeast corn has not yet appeared in Quzhou market, Zhejiang Province At present, 60% of the corn in Quzhou comes from Shandong Province, with the price of 1130 yuan / ton The price of old corn is slightly higher, with 1200 yuan / ton Jiangxi corn mainly comes from Hebei Province and Henan Province At present, Nanchang area has sufficient arrival of corn At the same time, affected by the drop of feed prices such as soybean meal, the price of corn has dropped 40 yuan compared with the previous period, to 1060 yuan / ton The price of corn in Jiujiang is 1100 yuan / ton The price of corn in Fuzhou market is rising steadily The sales price of new corn (15% moisture) is 1140-1160 yuan / ton, up 10-20 yuan / ton compared with the previous period; the sales price of new corn in Jilin high moisture (17-18%) is 1120-1140 yuan / ton; the price of old corn continues to maintain 1180 yuan / ton DDZ Hubei Province needs to import 2 million tons of corn every year Hubei Province is a major province of grain and oil, and 60% of the grain and oil are exported to all parts of the country every year However, the annual demand of corn in Hubei Province is about 4 million tons, including 1 million tons of grain for people in mountainous areas, 2.5 million tons for livestock and poultry breeding, 500000 tons for food, medicine and other processing, and 2 million tons of self-produced corn in the province, which is supplied by adjustment for a long time In 2001, affected by various factors, the corn planting area was only 6.014 million mu, with a total output of 1.949 million tons, 360000 Mu and 218000 tons less than that of the previous year This year's corn production in the whole province is analyzed The main production areas in Western Hubei Province are converted to forests and the area of developing high-efficiency economic crops is expanded The plain and hills