Corn planting is slow and as on 12 May, 49% of corn has been planted, 5% lower than the ficve year average.
US prices were up at close of the session on 10 May 2024, as WASDE projected higher exports for US at 55.38 MMT for 2024/25 crop. IN addition it projected lower crop in Argentina (51 MMT); On the CME on 10 May 2024 the corn prices were up,
May $179.359/MT; Jul $184/87/MT; Sep $188.96/MT and Dec 193.689/MT
Corresponding the FOB prices were as under-
US Gulf $200/203 /MT (May – Aug)
PNW $234-231 (Apr-Jul); US#3 corn 225-235/MT (Aug)
Other origin corn prices were
Argentina $200-190/MT (Aug); Brazil $200-205/MT (Aug) and Ukraine $190-200/MT (Aug)
Sorghum prices at $251/MT FOB Texas
Barley prices from different origins : France $229-236/MT; Argentina $205-210/MT; Black Sea $180-185/MT and Australia $250-255/MT
DDGS prices – Jun-Aug US Gulf $194-197/MT; PNW rail delivered $230-234/MT. Delivered price of DDGS to Vietnam $275-279/MT; Thailand at $285-290/MT; Myanmar at $287-292/MT (Prices for DDGS Profat 35%), bulk in Containers. CGM prices on FOB basis 438-443/MT and CGF at $103-104/MT