World Perspectives
feed-grains soy-oilseeds

Indian Subcontinent Regional Analysis

Corn and Soymeal Exports Could Keep Prices High Indian corn is competitive and finding markets in Vietnam and Bangladesh. Vietnam continues to import Indian corn in containers at $220-225/MT delivered. This price is compared to U.S. and South American corn at $230/MT delivered. Bangladesh imported 50,000 MT of corn via vessels from South India, but as corn harvest started in Bihar, most of the corn is being trucked to the border (India-Bangladesh) @ $195-200/MT. This is much cheaper than U.S./South American corn reaching the Chittagong port at $220/MT and there is an additional cost of $34 to take it in country.  By a rough estimate, some 0.5 MMT of corn has been exported from India and another 0.3 MMT could be exported, making tot...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.8125/bushel, down $0.0375 from yesterday's close.  May 25 Wheat closed at $5.42/bushel, down $0.055 from yesterday's close.  May 25 Soybeans closed at $10.36/bushel, down $0.0575 from yesterday's close.  May 25 Soymeal closed at $294.2/short ton, down $2...

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