Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

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.

Agro Perspectiva

< USA. Higher Rail, Ocean Rates Drive Wheat Transportation Costs Up All news for
31.05.2010
Flood of U.S. ethanol spilling into foreign markets >

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: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2025 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com