NEWS
Corn Buyers Turn to Others
Mon Jul 22, 2013 07:37 AM CDT

SINGAPORE (Dow Jones) -- Japan's animal feedmillers have started locking-in corn import deals for October-December shipment, buying around 300,000 metric tons from Ukraine and Brazil, trading executives in Tokyo and Singapore said Monday.

Millers have bought 120,000 tons of Ukraine's corn around $242/ton on a cost and freight basis. Another 180,000 tons were sourced from Brazil at 145 cents a bushel premium over the December futures contract on the Chicago Board of Trade, the executives said.

At current CBOT December futures levels, the price for the Brazilian corn works out to be around $253/ton, C&F.

"Buyers are slow in purchasing ...

Quick View
  • Is Your Burndown Working? A cool, wet spring and the spread of herbicide-resistant weeds mean farmers should take the extra...
  • Gains on Covers It took Jerry Doan several years and a lot of trials, but the North Dakota beef producer has lear...
  • Side-by-Sides and Cool Helmets Side-by-side manufactures continue to roll out new machines and machine updates. Here are two more.
  • Stress Test for Borrowers Farm finances rate an "A" now, but economists debate if that's good enough to handle a major corr...
  • Senators Question EPA A group of U.S. senators Wednesday told President Barack Obama that his administration has not fo...
  • Climate Work Ahead at USDA Ag Secretary Tom Vilsack spoke about GOP complaints regarding the Obama administration's work wit...
  • Full-Circle Farming Bill Couser sees farming as a full circle. If it comes off the farm, it can go back into the farm.
  • Making the Grade What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.
  • Ask the Vet What's my best bet for fly control?
Related News Stories
Clouds on TPP Horizon
DTN Distillers Grain Weekly Update
Japan Pork Imports Could Rise
Japan Still Buying US Pork
China's Bird Flu Costs Rise
Beef Dodges Tariff Hike
Japan Wants U.S. Rice
Tour Touts U.S. Meats
Japan Seeks WW Wheat Subs
Japan to Hold US Wheat