Summary of international corn market
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Last Update: 2002-04-22
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Source: Internet
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Author: User
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Introduction: corn planting in the eastern corn belt may be delayed this year Generally speaking, if the seeding progress slows down, it will affect the reduction of seeding area In the next 30 days, corn will be a weather city New season corn has become the focus of the market In the week ending April 11, the weekly export inspection was 34.172 million bushels, which was relatively neutral, slightly higher than 33.851 million bushels last week, basically consistent with the industry forecast of 30-36 million bushels Argentina's corn planting belt is slow in sowing and harvesting, but in the next few days, the national weather will clear up, and the harvesting progress is likely to improve, as of last week, nearly a third of the corn harvest was completed Argentina confirmed the resignation of Agriculture Minister Miguel paulon, ending market speculation that he will return and announce a reduction in grain export taxes China's feed corn will continue to be the focus of the Asian grain market As China is keen to export corn and reduce domestic corn stocks, the price of feed corn in China continues to fall, which has a great impact on the international market Kocopia on Monday bought 52500 tonnes of Chinese made edible corn from a company in Dalian, China, in a bid on Friday CNF price is US $101.25 per ton The influence of China's Asian market on traditional corn exporting countries such as the United States is increasing
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