World: Brazilian corn premiums fall

Published 2024년 2월 2일

Tridge summary

Brazilian corn export premiums have decreased, with prices ranging from $50 to $60 for July to October 2024, according to TF Agroeconomic. Meanwhile, in China, corn prices have increased for the eighth consecutive day. Argentina's corn market has seen increased activity with more buyers and delivery options. Argentine corn FOB prices closed at around $204 for February, $193 for March, and $196 for April. In the USA, flat corn prices remained at $205 FOB, while in Argentina, Brazil, France, Romania, Russia, and Ukraine, they varied between $208 and $224 FOB.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Argentina, corn showed greater activity According to information released by TF Agroeconomic, premiums for Brazilian corn for export decreased. “Premiums dropped to $60 for July/24, remained at $52 in August/24, rose to $57 in September/24 and remained at $50 for October/24, in the ports of Santos and Tubarão”, he comments. “In China, the March corn price rose again for the eighth consecutive day by 14 CNY/t this Thursday; corn starch in March fell by another 17 CNY/t; the price of a dozen eggs for February rose by 3 CNY/500 thousand units and pig prices broke the four-day drop and rose by 15 CNY/t”, adds the consultancy. In Argentina, corn showed greater activity, evidenced by a greater presence of buyers and an expansion of the range of possibilities for delivering goods. “For new crop cereal, delivery between February and March was US$145,000/t, with the generalized offer in foreign currency for the last of these positions being US$165/t. Then, the April-May section was ...

Source: Abramilho