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Box demand and low supply drive all RCP prices higher for third month in a row.
Base metals prices on the LME were mainly weaker this morning, Wednesday August 11, after average rebound gains of 1.4% on Tuesday, while SHFE base metals prices were mainly stronger in reaction to yesterday’s LME gains.
Brazil’s total corn crop estimates were slashed once again by a further 6.7million mt to 86.5 million mt, 15.5% lower on the year,
The scintillating pace of US corn exports has been the hallmark of the 2020-21 marketing year, but as the year winds up and thoughts turn to the new marketing year, the country’s export outlook lacks clarity.
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