Corn planting has started in the US and is better than last year. As on 21 Apr 2024, 12% of the corn area has been planted, which is 2% more than the five year average (2019-2023). As on 21 Apr 2024, 3% of the corn has also emerged. Even though some states have not received adequate rans and it is dry, farmers continue to plant.
On the CME on 26 Apr 2024 the corn prices were up, due to reported issues in Brazil (.
May $173.21/MT; Jul $177.15MT; Sep $180.69/MT and Dec 186.36//MT
Corresponding the FOB prices were as under
US Gulf $194-198 /MT (Apr – Aug)
PNW $231-227 (Apr-Jul); US#3 corn 220-225/MT (Jul)
Other origin corn prices were
Argentina $200-190/MT (Jul); Brazil $210-200/MT (Jul) and Ukraine $185-190/MT (Jul)
Sorghum prices at $251-253/MT FOB Texas
Barley prices from different origins : France $213-217/MT; Argentina $200-205/MT; Black Sea $180-185/MT and Australia $240-245/MT
DDGS prices – May-Jul US Gulf $195-197/MT; PNW rail delivered $232-236/MT. Delivered price of DDGS to Vietnam $278-283/MT; Thailand at $293-297/MT; Myanmar at $290-294/MT (Prices for DDGS Profat 35%), bulk in Containers. CGM prices on FOB basis 434/MT and CGF at $100/MT.