Global feed market: Global supply exerts pressure, focusing on weather and trade negotiations

Published 2025년 7월 28일

Tridge summary

Core tip: According to foreign media on July 27, as of the week ending July 25, 2025, global corn prices mostly declined, mainly due to rainfall in the central United States alleviating the growth pressure caused by high temperatures, and the upward revision of Brazil's corn production estimate boosting the global corn supply outlook, while international crude oil futures fell. However, improved U.S. corn export sales, along with market expectations of a trade agreement between the U.S., China, and the EU, limited the downward potential of the corn market.

Original content

On Friday (July 25), the Chicago Board of Trade (CBOT) December corn futures closed at $4.19 per bushel, down 2.05% from a week earlier; U.S. Gulf August shipment yellow corn was quoted at $4.9100 per bushel, down 1.2%. Euronext November corn closed at €194.50 per ton, down 3.7%. Argentine corn Upper River FOB quotation was $199 per ton, down 0.5%. Brazil's B3 exchange corn futures reported at 63.74 reais per bag, up 0.6%. This week, international crude oil futures fell, reaching the lowest level in three weeks. Global benchmark Brent crude futures were reported at $68.44 per barrel, the lowest since July 4, down 1.21% from a week earlier. On Friday, the ICE U.S. Dollar Index closed at 97.399 points, down 0.81% from a week earlier. From a fundamental perspective, the U.S. Department of Agriculture this month raised its forecast for U.S. corn exports in 2024/25 by 100 million bushels, but at the same time reduced its forecast for feed and other uses by 75 million bushels, resulting ...

Source: Foodmate