International corn: prices drop in all markets


Image: Pixabay


“In Argentina, offers for January fell by 3 c/bu”

According to what TF Agroeconomic reported, corn prices fell in all areas of the international market at the beginning of the week. “In terms of the physical market, while offers for US corn for January shipment remained static at 140 c/bu over March futures for the first half of the month and 145 c/bu for the second half, negotiations were likely completed at lower levels compared to last week, as more volumes flow into the port after the end of the harvest”, he comments.

“As a result, May prices in the Gulf were assessed down 2 c/bu with values in the PNW assessed at 2 c/bu along the curve through August,” he adds.

{module Form RD}

In Argentina, January offers fell 3 c/bu to 157 c/bu over March futures, with February offers falling sharply 10 c/bu to 150 c/bu over the same contract in the face of limited demand and expectations for a new, stronger harvest starting in March. “And in Brazil, offers for July were heard at 93 c/bu over the July 2021 contract, a drop of 2 c/bu on the day without offers reported by the press team”, he indicates. 

“The new week started quietly in Ukraine, with FOB and domestic prices showing almost no change. December-January loading corn offers remained stable around US$ 235/t FOB HIPP, while buyers submitted offers around the DE 228-$230/t FOB HIPP mark. Furthermore, offers for December loading corn with Chinese documents were heard from US $ 238 /t FOB PIPP, while the buyer's idea was also heard at around US $ 230 /t FOB PIPP”, he concludes.

By Leonardo Gottems | AGROLINK

Facebook
twitter
LinkedIn

Aboissa supports

Stay up to date with news
and the best opportunities in
agribusiness – sign up now!

Asia

Saudi Arabia

Bangladesh

China

singapore

South Korea

United Arab Emirates

Philippines

India

Indonesia

Iraq

Jordan

Lebanon

Malaysia

Oman

qatar

Türkiye

Vietnam

Hong Kong

America

Argentina

Bolivia

Brazil

Canada

Chile

Colombia

Ecuador

U.S

Guatemala

british virgin islands

Mexico

Nicaragua

Panama

Paraguay

Peru

Uruguay

Suriname

Venezuela

Dominican Republic

Costa Rica

Cuba

Africa

South Africa

Algeria

Cameroon

Costa do Marfim

Egypt

Liberia

Morocco

Sierra Leone

Sudan

Kenya

Tunisia

Mauricio Islands

Europe

Albania

Germany

Belgium

Bulgaria

Spain

Finland

France

England

Italy

Lithuania

Poland

Portugal

Russia

Türkiye

Serbia

Sweden

Switzerland

Ukraine

Cyprus

Estonia

Ireland

Romania

Oceania

Australia

New Zealand

Request a quote!

Fill out the form and get support for your business needs.
Our experts are ready to offer customized solutions.

*We are currently not working with intermediaries.

By providing my data, I agree with the Privacy Policy.