Corn premiums decline in global market

Published 2024년 2월 27일

Tridge summary

The corn market in Argentina has seen increased activity due to a rise in open supply from traditional buyers and expanded delivery options. Meanwhile, in China, corn and corn starch prices have been on the rise for five consecutive days in March, despite a drop and subsequent rise in pig prices. The corn export market in Brazil saw premiums fall to July24 but rise again in September, as reported by TF Agroeconomic. Additionally, China has expressed opposition to the European Union's increased sanctions against Russia.

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

Original content

In Argentina, the greatest dynamism was on the corn side In China, the price rose In the corn export market, premiums fell again to July24 in Brazil, but rose to September, according to information released by TF Agroeconomic. “The premiums remained at $48 cents/bushel for July/24, remained at $48 in August/24 and $60 in September/24 and were not quoted for October/24, in the ports of Santos and Tubarão”, he comments. “In China, the price of corn for March rose for the fifth consecutive day, plus $3 CNY/t for March and another 1 CNY/t for May. The price of corn starch also rose for the fifth consecutive day, plus 24 CNY/t for March and 14 for May. The price of eggs stopped the fall and rose again by another 1 CNY/500kg for March. And the price of pigs fell again by another 40 CNY/t for March, but rose again by another 160 and another 20CNY/t in May. In the economy, China protests against the European Union for the implementation of more sanctions against Russia”, he adds. In ...

Source: Abramilho