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...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
