World feed market on 28/4/2020: Corn prices have not changed

At 9:15 am on April 28, 2020 (Vietnam time), the price of corn in the US did not change after the US Department of Agriculture said that North America accelerated planting progress.

Corn price in July 2020 on Chicago floor was unchanged at 3.13-1 / 4 USD / bushel, closing the previous session down 3%.

July soybean futures price on Chicago floor increased 0.1% to 8.37-1 / 2 USD / bushel, closing the previous session up 0.4%.

July wheat price on July 2020 on Chicago floor increased by 0.4% to 5.27 USD / bushel, closing the previous session by 1.1% to 5.21-1 / 4 USD / bushel, the lowest since from March 19, 2020.

The US Department of Agriculture said US farmers could plant 27% of the maize area as planned, higher than the median estimate of 22%. This is 7% higher than the previous week and exceeded the 5-year average (20%).

The dollar dropped as some countries put in place plans to relax restrictions on businesses closed due to the corona virus outbreak, boosting riskier asset demand and reducing demand for the dollar as a haven currency. safe.

Oil prices fell on April 28, 2020 after falling sharply in the previous session due to concerns about limited crude oil storage capacity around the world and expected fuel demand can only recover slowly when the limiting corona virus pandemic is gradually being relaxed.

Wall Street stocks rose more than 1% on April 27, 2020, as investors focused on several US states eased closure restrictions to prevent the Covid-19 pandemic from spreading.

Source: VITIC / Reuters