Suffer effect of tall look forward to of CBOT corn price, korea feed association defers corn to purchase, await the price further fall after a rise, heretofore purchased corn of 45 thousand tons of United States only in August.
Integrated dispatches from foreign news agency on August 21 message, according to Zhou Si of official of Korea feed association (on August 21) express, as a result of Chicago futures exchange (CBOT) corn price tall look forward to, korea feed association purchases finite corn only at present.
The official says, last week (came 17 days on August 11) Korea feed association cancelled 220 thousand tons of sailing date the corn December purchases a plan, because the price is exorbitant. They await the price further fall after a rise, undertake purchasing again next.
Korea feed association purchased 45 thousand tons of corn only up to now in August, the price is every tons of 325.5 dollars. This batch of corn transfer Ren Chuan harbor on November 20.
Past a week (came 22 days on August 18) in, produce futures price is acuteness and fluctuant, go up to drop suddenly suddenly, technical area element and periphery market are more than main area to the influence of produce market. Nevertheless 2008 high yield of American corn hopeful, results drawing near, consequently corn price may drop.
Zhou San (on August 20) , contract of CBOT12 month corn rises 10.5 cent, the newspaper receives 5.95 dollars / bushel.
Korea purchases corn of about 8.8 million tons of feed every year normally, it is American corn mostly.