Browsing Tag

US Corn

China buys up to 300,000 tonnes US corn

October 19, 2013 China, the world's second-largest corn consumer, has bought as much as 300,000 tonnes of the grain from the United States this week, trade sources said on Wednesday, and further purchases are expected because US prices are cheap. Four or five cargoes were bought for shipment from March to May 2014, priced at about $260 per tonne CIF, or about 1,900 yuan ($310) per tonne after taxes, one trade source said. That price is about 25 percent cheaper than domestic corn…

US corn offers firm

May 02, 2013 Corn export premiums at the US Gulf Coast were steady to firm on Tuesday amid tight old-crop US stocks and light demand from routine buyers, traders said. A surge in corn futures prices on Monday chilled buying interest, but traders said regular importers such as Mexico and Japan have inquired about June shipments from the United States. US corn prices remain at a large premium to South American prices, but loading delays in Brazil and Argentina prompted some buyers to…

US soya up for third day on tight supply

October 25, 2012: Chicago soybeans edged higher on Wednesday, rising for six out of the last seven sessions as the market was buoyed by strong demand and tightening supplies as US farmers hold back freshly harvested crops. Corn eased for a third day in a row on lacklustre demand for US supplies, while wheat slid 0.3 percent with losses being capped by concerns over production in top exporting nations. Chicago Board of Trade November soy rose 0.1 percent to $15.55-1/2 a bushel by 0329 GMT.…

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