 |
Corn Rises on Speculation That China Will Buy More U.S. Grain
31.05.2010 10:51 "Agro Perspectiva" (Kyiv) —
Corn rose to the highest price in almost two weeks on speculation that China, the world’s second- biggest consumer, may need to import more U.S. grain to reduce record domestic prices.
China bought 241,000 metric tons of U.S. corn in the week ended May 20 for delivery by Aug. 31, before this year’s harvest, while canceling 130,000 tons in purchases for the next marketing year, the U.S. government said today. The Asian nation, which hasn’t been a net importer since 1956, has ordered a total of 595,100 tons from the U.S. in the current marketing year for delivery before Sept. 1.
«China needs corn after drought damaged their crops last year,» said Tim Hannagan, a grain analyst for PFG Best Inc. in Chicago. «The Chinese purchases are also boosting demand from other buyers worried about competing for U.S. supplies.»
Corn futures for July delivery rose 1.75 cents, or 0.5 percent, to $3.7325 a bushel on the Chicago Board of Trade, after touching $3.7375, the highest price for a most-active contract since May 14. Corn, down 12 percent in the past year, has risen 5.5 percent since April 27, the day before the first of the recent sales to China were announced.
U.S. exports sales of corn to all countries totaled 1.03 million tons in the week ended May 20, bringing the eight-week total to more than 10.1 million tons, the most since a similar period ending in February 2008, USDA data show.
China is allowing private feed and food makers to import as much as 2.8 million tons of corn this year, Zeng Liying, the deputy director of the State Administration of Grain, said earlier this week at a conference in Beijing.
The world’s most-populous nation may require «large- scale» imports of U.S. corn if delays in spring planting this year result in a reduced harvest, Fei Zhonghai, an assistant to the general manager at Cofco Ltd., said this week.
Corn is the biggest U.S. crop, valued at $48.6 billion in 2009, government figures show.
20.05.2025 |
|
 |
|
|
 |
18:25 |
Brazil confirms first case of avian influenza at commercial poultry farm |
|
17:00 |
EU agri-food trade kicked off 2025 with growth in exports and imports |
|
16:37 |
Philippines sugar output expected to rise 5% higher than the initial estimate, says SRA |
16.05.2025 |
|
|
|
|
|
20:34 |
Acute food insecurity and malnutrition rise for sixth consecutive year in world’s most fragile regions – new report |
|
20:25 |
Global soybean production is forecast at a new record in 2025/26 |
15.05.2025 |
|
|
|
|
|
21:39 |
Gaza: With famine looming, FAO urges immediate access to save livelihoods and food production |
13.05.2025 |
|
|
|
|
|
10:05 |
Global oilseed production in 2025/26 is forecast at a record 692 million tons |
|
09:29 |
WTO sounds alarm on global agricultural trade |
|
08:19 |
Ukraine’s GDP growth seen slowing slightly to 3.3 per cent in 2025 |
|
08:03 |
2025/26 Grain Consumption Rises while Trade Expands |
10.05.2025 |
|
|
|
|
|
19:32 |
Farmers sow 76% of spring grains and legumes from plan, catch up with last year's figure in terms of area |
09.05.2025 |
|
|
|
|
|
08:43 |
FAO warns: Enhanced awareness and action needed amid foot-and-mouth disease outbreaks in Europe and the Near East |
|
08:27 |
Trade in goods with Ukraine in 2024 |
03.05.2025 |
|
|
|
|
|
07:15 |
Production outlook for 2025 wheat crop remains favorable - FAO |
02.05.2025 |
|
|
|
|
|
14:35 |
FAO Food Price Index rises in April on higher cereal, dairy and meat prices |
01.05.2025 |
|
|
|
|
|
08:18 |
Canada opens its market for shell eggs from Ukraine |
|
06:17 |
Ukraine exports 35 mln tonnes of grain in nine months of 2024/25 MY – Ministry of Agrarian Policy |
|
05:08 |
FAO launches a $150 million Emergency and Early Recovery Response Plan for Ukraine to support war-affected rural communities |
25.04.2025 |
|
|
|
|
|
17:26 |
EBRD lends EUR270 million to Naftogaz for Ukraine energy security |
16.04.2025 |
|
|
|
|
|
13:56 |
Continental has upgraded its machinery fleet for USD 29.5 million and will sow 96 thousand hectares of spring crops |
15.04.2025 |
|
|
|
|
|
07:44 |
China Beef Import Growth to Slow Amid Global Uncertainty |
14.04.2025 |
|
|
|
|
|
12:57 |
EBRD extends risk cover to Raiffeisen Bank Ukraine to enable EUR 100 million for energy investments |
11.04.2025 |
|
|
|
|
|
05:19 |
Global Grain Trade Declines in 2024/25 |
04.04.2025 |
|
|
|
|
|
13:57 |
FAO Food Price Index remains stable in March |
02.04.2025 |
|
|
|
|
|
11:28 |
Consumers are Seeking More Protein for Health and Taste in 2025 |
31.03.2025 |
|
|
|
|
|
15:58 |
First Ukrainian companies take advantage of new war risk insurance facility supported by EBRD |
13.03.2025 |
|
|
|
|
|
07:39 |
Global wheat production is estimated at 796 MMT in 2025 |
|
07:33 |
Early wheat production prospects for 2025 point to potential increase |
|
03:35 |
The FAO Food Price Index rose in February 2025, driven by higher sugar, dairy and vegetable oil prices |
12.03.2025 |
|
|
|
|
|
06:47 |
European Union Soybean Meal Imports to Reach 9-Year High |
11.03.2025 |
|
|
|
|
|
20:14 |
EU Wheat Exports Fall to Lowest Level in 6 Years |
07.03.2025 |
|
|
|
|
|
16:14 |
EBRD extends new guarantee to OTP Leasing Ukraine to unlock EUR160 million of new finance |
27.02.2025 |
|
|
|
|
|
08:34 |
EBRD revises down Ukraine’s 2025 growth forecast |
26.02.2025 |
|
|
|
|
|
10:01 |
Pistachios. Global production for 2024/25 is forecast to rise 7 percent to 1.2 million metric tons |
|
09:47 |
An ambitious vision for agriculture that seeks to reconnect with on-the-ground realities cannot ignore the debate on the CAP budget |
19.02.2025 |
|
|
|
|
|
10:43 |
“Bold investments” needed to address challenging nutritional burden in Africa, FAO says |
|
07:13 |
Green Climate Fund greenlights two major FAO-led projects to strengthen climate resilience in Kenya and Serbia |
12.02.2025 |
|
|
|
|
|
10:01 |
China Corn Imports Fall on Weaker Domestic Demand |
|
09:06 |
China’s Imported Oilseed Meal Supplies Shift Slightly to Mid-Protein Meals |
08.02.2025 |
|
|
|
|
|
18:20 |
Cereal stocks set to decline in 2024/25 due to anticipated reductions in wheat and maize inventories |
|
18:00 |
FAO Food Price index declined in January 2025, mostly due to lower sugar, vegetable oil and meat prices |
06.02.2025 |
|
|
|
|
|
16:28 |
Ukraine considers SCZone site for food hub in Egypt – ministry |
|
16:16 |
Since the beginning of 2025, 549 agricultural enterprises have received UAH 2.3 billion under the Affordable Loans at 5-7-9 programme published |
03.02.2025 |
|
|
|
|
|
23:55 |
Ukraine's Ministry of Agrarian policy allocates sugar export quotas to EU |
31.01.2025 |
|
|
|
|
|
17:20 |
Global orange production for 2024/25 is forecast down 662,000 tons to 45.2 MT |
|
17:15 |
Argentina Lemon/Lime Exports Continue to Decline |
24.01.2025 |
|
|
|
|
|
16:38 |
Ukraine’s agricultural sector earned $24.5 bln in 2024, setting second historical record |
23.01.2025 |
|
|
|
|
|
15:46 |
Eurobarometer survey shows strong support for the Common Agricultural Policy (CAP) |
22.01.2025 |
|
|
|
|
|
20:54 |
Since the beginning of 2025, 117 agricultural enterprises have received UAH 318.7 million under the Affordable Loans at 5-7-9 programme |
|
20:43 |
Ukrainian agricultural land needs to be cleared and returned to circulation as soon as possible |
Also available: 
|
| |
|
|
