Demand for corn is slowing in US

게시됨 2023년 3월 10일

Tridge 요약

Corn prices are experiencing a downturn despite strong export sales from the USA, driven by macroeconomic factors and an updated production forecast from Argentina. The country's production forecast has been revised downward from 41 million tons to 37.5 million tons. South Korea is planning to purchase 69,000 tons of corn in a forthcoming tender. In the USA, the weekly export sales of corn reached 1,525,300 tons, with 113,200 tons being new crop. The corn market in Ukraine remains well-supplied, despite a slowdown in demand. As a result, corn prices have seen a decrease on both the Chicago Stock Exchange and the Black Sea exchange.
면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Corn prices continued to decline under the pressure of macroeconomic expectations, despite the good performance of export sales from the USA. Barva Invest analysts reported on the Telegram channel. BAGE lowered its forecast for corn production in Argentina in the current season from 41 million tons to 37.5 million tons. South Korea will hold a tender for the purchase of 69,000 tons of corn. Weekly export sales of American corn amounted to 1,525,300 tons, of which 113,200 tons were new crop. The supply of corn on the Ukrainian market remains significant, while demand continues to slow. Currently, the May corn contract on the Chicago Stock Exchange (ZCK3) is down $0.14/bu to $6.11/bu. The May corn ...
출처: Agrotimes

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