Corn premiums rose again in global markets

Published 2024년 3월 4일

Tridge summary

The Brazilian corn market saw a rise in premiums for July and a drop for September, while in China, corn prices for March increased for the second day in a row. Argentina's corn prices also saw an increase due to fewer active buyers. The MATBA price for April was US$ 165.20. Argentine corn FOB prices closed around US$180 for March, US$183 for April and US$185 for May. Flat corn prices rose to US$ 188 FOB in the USA, US$ 186 FOB Up River in Argentina, US$ 187 FOB in Santos, Brazil, US$ 196 FOB in France, US$ 185 FOB in Romania, US$ 170 in Russia and US$ 166 in Ukraine.

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Original content

In Argentina, given the presence of a smaller number of active buyers “In China, corn prices for March rose for the second day in a row” “In China, corn prices for March rose for the second day in a row” – Photo: Disclosure In the Brazilian corn market for export, premiums rose again for July and fell for September, according to information released by TF Agroeconomic. “Premiums rose again by 8 cents/bushel to $55 cents/bushel for July/24, remained at $47 in August/24, fell by $13 cents/bushel to $47 in September/24 and were quoted at $60 for October/24, in the ports of Santos and Tubarão”, he comments. “In China, the price of corn for March rose for the second consecutive day by 13 CNY/t for March and 6 CNY/t for May. The price of corn starch, in turn, fell by 29 CNY/t in March and 4 CNY/t in May. The price of eggs rose again by another 34 CNY/500kg for March. And the pig price recovered and surpassed the previous day's drop, rising 325 CNY/t for March and 15 CNY/t for May”, he ...

Source: Abramilho