Maize (corn) exports from India have dropped to a trickle as high domestic prices have made its shipments uncompetitive in the global market. “Brazil is shipping to stations, such as Vietnam, at a very competitive price of $320 a tonne cost and shipment. But, over here, domestic prices are ruling higher, making exports unfeasible,” said…
Maize (corn) exports from India rebounded sharply in 2021-22 to the top of the $1 billion mark after a gap of seven years. Shipments had touched a nine year low of $142 million in 2019-20 before presenting a sharp rebound over the last two years on rising demand for the coarse corn from South and…
Chicago corn futures fell 1.5% on Monday as rains eased traders’ worries about limited global distribution and put pressure on prices. Soybeans fell 1%, while strong Chinese demand saw lower losses, while wheat was lower. Tobin Corey, director of the Commonwealth Bank’s agricultural strategy, said: “Weekend rains in arid regions will reduce crop stress for…
Weather Forecasts Weight forecast for Chicago corn futures fell more than 1% on Thursday in some parts of the USA and soybeans fell to a two-month low. Wheat rose for the second session in a row. “Weather forecasters are constantly looking for rain and cold temperatures this weekend, while dry and hot weather prevails in…
The U .S. Biofuels Act so the Corn, Soydrop, Soy oil down for the Concerns about the need for fuel fodder fell by the daily trade limit last Friday. U.S. Forecasters forecast increased crop yields in some parts of the Midwestern and Northern Plains. The U.S. Environmental Protection Agency says it is considering ways to…
Argentine farmers have sold 20.9 million tonnes of soybeans since the 2020/21 season, up from 863,600 tonnes last week. According to official data, the rhythm of Argentine soybean sales is slower than the previous year, with 24.4 million tonnes of oilseeds sold this season. Argentina’s 2020/21 soybean harvest is expected to be 43.5 million tonnes,…
