Maize Settled Flat



Maize settled flat amid fresh demand and arrival pressure. Chinese farmers are expected to sow 35.84 million hectares of corn this year, down 2.5 percent from last year, the agriculture ministry said, as Beijing looks to boost alternative crops to reduce its corn glut. In its first estimate for the 2017 crop, the ministry said China is expected to produce 213.19 million tonnes of corn, down 2.9 percent from a year ago. The planting forecast in the monthly report on Chinese Agricultural Supply and Demand Estimates (CASDE) shows a smaller percentage decline than predicted by China's National Bureau of Statistics last month. The bureau forecast China's planned corn acreage would fall by 4 percent this year, based on a survey of 110,000 Chinese farmers. The USDA data showed weekly U.S. corn export sales of 716,000 tonnes for shipment during the current marketing season, below estimates for 900,000 to 1.2 million tonnes.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
NewerStories OlderStories Home

0 comments: