|
Bad news for corn
04.03.2010 11:33 "Agro Perspectiva" (Kyiv) —
Corn is getting some bad news from Tokyo; the Japanese are contracting to buy 1 million metric tons of corn from South America.
Japan is the number one customer of U.S. corn, accounting for about 24 percent of the $11 billion in American corn exports. Iowa annually is the nation’s largest corn producing state.
But Japanese officials this week announced a 1 million metric ton purchase from South America, which has begun to harvest what is expected to be a big crop in Brazil and Argentina.
Japanese agriculture ministers told Business Week of their concerns about the quality of the U.S. crop, which was harvested late last year and has above-average moisture content.
The Japanese report is another piece of negative news for corn, on top of a U. S. Department of Agriculture estimate that U.S. farmers this year will plant about 1.5 million acres more corn this year than the 87 million they planted last year.
The U. S. already is going into spring planting season with a carryover of last year’s crop totalling more than 1.7 billion bushels. That amounts to about two-thirds of a typical Iowa corn crop.
News like that has driven corn prices down to $3.53 per bushel in overnight markets and corn is expected to fall lower when floor trading begins on the Chicago Board of Trade.
Commodity trader Tomm Pftizenmaier of Des Moines wrote Friday morning "Japan (our biggest customer) announced 1 million metric ton purchase from South America. That us business that would normally have come the
11.01.2025 |
|
|
|
|
|
11:16 |
Russia Grain Export Quota to Curb Wheat Exports in 2025 |
|
09:12 |
Iraq Emerges as a Soybean Importer |
08.01.2025 |
|
|
|
|
|
22:13 |
FAO Food Price Index dips during the month of December |
|
18:49 |
FAO calls for urgent action to address widening famine in Sudan |
22.12.2024 |
|
|
|
|
|
05:26 |
FAO transfers 185 generators, 6,474 grain hoses to Ukrainian farmers in 2024 |
|
03:53 |
The EU agri-food trade surplus increased by 15% in September 2024, reaching EUR 6 billion |
19.12.2024 |
|
|
|
|
|
09:05 |
World coffee production for 2024/25 is forecast 6.9 million bags higher |
18.12.2024 |
|
|
|
|
|
23:11 |
China’s Expanding Coffee Consumption |
17.12.2024 |
|
|
|
|
|
22:37 |
Bangladesh Soybean Import Recovery Expected to Continue |
14.12.2024 |
|
|
|
|
|
21:03 |
World apple production for 2024/25 is forecast to fall nearly 350,000 tons to 84.0 million |
13.12.2024 |
|
|
|
|
|
09:11 |
U.S. Fresh Pear Exports Fall on Historically Low Harvest |
10.12.2024 |
|
|
|
|
|
21:03 |
Indonesia Grain Imports to Subside after 2023/24 Record |
|
08:14 |
Higher vegetable oil quotations drive up FAO Food Price Index, but lower cereal and sugar prices temper the rise |
|
07:45 |
Cereal trade revised downwards amid weaker demand |
02.12.2024 |
|
|
|
|
|
23:17 |
Prime Minister: Some 50 partner countries have joined the humanitarian demining coalition |
|
22:56 |
Norway pledges additional $4.5 mln to Ukraine's Grain from Ukraine initiative |
01.12.2024 |
|
|
|
|
|
03:30 |
EU agri-food trade slowed down in August 2024 |
26.11.2024 |
|
|
|
|
|
00:06 |
Global sugar production, compared to last year, is estimated up 2.8 million tons to 186.6 million |
24.11.2024 |
|
|
|
|
|
04:43 |
During the Operation of Our Grain From Ukraine Program, We Have Managed to Save 20 Million People from Hunger – Zelenskyy |
|
04:15 |
Ukraine Is Ready to Share Technologies, Military Experiences and Processing Methods with African Countries – the President |
22.11.2024 |
|
|
|
|
|
10:15 |
South Africa Sugar Production and Exports Estimated Down |
19.11.2024 |
|
|
|
|
|
23:04 |
Global Olive Oil Production Forecast to Rebound in 2024/25 |
|
22:47 |
Vitalii Koval discusses Ukraine's European integration with European colleagues |
|
16:06 |
EBRD, European Union and United States help Kyiv prepare for winter |
18.11.2024 |
|
|
|
|
|
09:21 |
Agriculture Development Strategy 2030 – a roadmap to the EU |
|
09:19 |
Ukrainian farmers have sown 96% of projected winter crop area |
01.11.2024 |
|
|
|
|
|
20:31 |
Ukraine has officially joined the International Fund for Agricultural Development |
|
20:29 |
Ukrainian farmers harvested 63.7 million tonnes of grains and oilseeds |
25.10.2024 |
|
|
|
|
|
22:50 |
Agriculture hit hard: October port strikes rack up 30-40 million dollars in losses |
|
21:04 |
Ministry of Agrarian Policy expects exports to rise in dollar terms |
|
10:57 |
Ukrainian corn seed flows to Europe in further farm trade shift |
24.10.2024 |
|
|
|
|
|
23:02 |
Tree Nut Import Markets Highly Concentrated |
23.10.2024 |
|
|
|
|
|
11:18 |
Prime Minister UK warns Russian threat to global stability is accelerating as Putin ramps up attacks on Black Sea |
15.10.2024 |
|
|
|
|
|
09:35 |
Brazil Continues to Dominate Growth in Global Chicken Meat Exports in 2025 |
11.10.2024 |
|
|
|
|
|
23:33 |
China Cottonseed Imports Show Strong Demand in Recent Years |
|
20:30 |
India Removes Rice Export Ban, Spurring Additional Trade |
30.09.2024 |
|
|
|
|
|
17:27 |
List of agricultural machinery with cost compensation expanded to 11,300 items |
29.09.2024 |
|
|
|
|
|
20:21 |
1 in 11 people worldwide faced hunger in 2023, 1 in 5 in Africa If current trends continue, about 582 million people will be chronically undernourished in 2030, half of them in Africa |
|
17:13 |
EU agri-food surplus increased in the first half of 2024 |
27.09.2024 |
|
|
|
|
|
09:02 |
BASF presents new corporate strategy: BASF is setting a new direction for portfolio steering, capital allocation and performance culture |
26.09.2024 |
|
|
|
|
|
10:25 |
BASF sets new direction with corporate strategy and maintains high level of shareholder distributions |
21.09.2024 |
|
|
|
|
|
18:30 |
Three new sites recognized as Globally Important Agricultural Heritage Systems (GIAHS) |
17.09.2024 |
|
|
|
|
|
09:52 |
Cargill and Ducks Unlimited Working Together to Restore Watersheds Across North America |
|
08:44 |
FAO calls for G20 cooperation as hunger targets continue to elude |
|
06:40 |
FAO sees open trade as a cornerstone of global food security |
13.09.2024 |
|
|
|
|
|
07:08 |
U.S. Soybean Meal Hits 10‐Year High for Export Sales |
12.09.2024 |
|
|
|
|
|
21:26 |
U.S. Corn Exports Buoyed by Large Supplies |
11.09.2024 |
|
|
|
|
|
04:30 |
Global cereal production 2024 forecast on par with 2023 output, cereal trade likely to contract |
06.09.2024 |
|
|
|
|
|
11:35 |
FAO Food Price Index down marginally in August: lower sugar, meat and cereal quotations offset higher dairy and vegetable oil prices |
|
10:34 |
Cargill acquires two US feed mills, strengthens production and distribution capabilities to grow with customers |
Also available:
|
| |
|
|