NEWS
Asian Grain Buyers Favor Corn
Mon Aug 26, 2013 07:28 AM CDT

SINGAPORE (Dow Jones) -- Asian grains buyers are turning toward corn from wheat to reduce costs and to take advantage of a drop in corn prices.

European corn is selling at a $30 to $40 a metric ton discount to wheat on a delivered basis in East Asian ports.

Wheat and corn are direct substitutes when making animal feed.

South Korean feed manufacturer Nonghyup Feed Inc., of Nofi, Monday cancelled a tender to import up to 60,000 tons of wheat citing prices above expectations.

Hamburg-based commodities trading company Alfred C. Toepfer International GmbH made the lowest offer at $276.74/ton. Earlier ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
DTN Weekly Distillers Grains Update
Ask the Vet
Profit Niche
Cattle Market
DTN Weekly Distillers Grains Update
Ask the Vet
Rethink Grazing
Ample Stocks Ahead
Feedlot Trends
DTN Weekly Distillers Grains Update