Idyllic China corn statistics versus market reality

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Friday, August 29, 2014

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Idyllic China corn statistics versus market reality

With USDA corn statistics painting a picture of bountiful Chinese supplies and domestic corn prices trading nearly three times above CBOT futures, something has to give.

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EXCLUSIVE

MARKET REPORTS

	Limited output, firm demand perk up China lysine prices
	Producers maintained low operation rates, limiting the supply of lysine in the market as a result. Hence, as livestock feed demand continued to grow while farmers fattened animal before releases, lysine prices climbed further amid strong demand.
	Robust demand, tight supply lift China methionine prices
	Demand for soymeal increased as feed millers stepped up production in view of stronger demand with livestock markets going strong.
	China Livestock Market Bi-Weekly Review: China livestock prices breaking records
	China Corn Weekly: Prices show no signs of softening
	Russia's ban on United States, EU poultry may benefit Thai chicken export
	Vietnam Feed Grain and Feed Market Monthly Report: No change in Vietnam's feed prices despite sharp falls in costs of imported feed ingredients
	Thailand corn prices stable despite move to create atmosphere of price depression
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NEWS

INDUSTRY

	Fonterra increases processing capacity to help meet global demand
	Fonterra is planning to build a high-efficiency milk powder drier in the North Island and increase milk processing capacity in the South Island to help meet global demand for dairy products.
	Miratorg's Bryansk Broiler begins production of halal chicken
	Leroy sees 21% rise in harvested fish during Q2 2014
	Bunge to build new port in Australia
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FEED

	China's feed production down 3% on-year
	According to the China Feed Association Information Centre, the country's feed production in H1 2014 totalled 83 million tonnes, down by 3% on-year.
	South Africa raises forecast for corn output in 2014
	Egypt targets 79% self-sufficiency in wheat output by 2017
	China's exports of calcium hydrogen phosphate continue to slow
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LIVESTOCK

	Vietnam: Pangasius exports to the EU and US fall
	From January to July this year, total pangasius or catfish exports from Vietnam generated US$972.19 million, representing a 1.3% on-year reduction.
	Mexico's poultry production forecast to rise in 2015
	Indonesia to secure cattle and beef supplies from Australia
	New trout disease detected in Chile
More

FOOD

	China cracks down on chicken feet scandal
	Chinese authorities have seized more than 30,000 tonnes of tainted chicken feet across four provinces, the Washington Post reported.
	South Korea sees increased imports of US beef, pork
	India aims to double seafood export value in three years
	US milk output sees 4% rise in July 2014
More

CROP

	Russia expected to export record high of grains in 2014/2015
	Russia's Agriculture Ministry said that the country expects to export 27.5 million to 30 million tonnes of grains in 2014/2015, a record high and up from its previous forecast of 25 million to 27 million tonnes.
	Romania harvests record high wheat and rapeseed crops
	Brazil's soy shipments account for half of China's imports
	Novozymes and Monsanto showcase new, sustainable innovations
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