Corn starch production in China has entered a consolidation phase since futures were listed on the Dalian Commodity Exchange, with prices moving mildly around spot. Seasonal decline and overcapacity have squeezed profits in Shandong and Hebei, where many producers are at full load and margins have fallen below 100 yuan per ton.
Separately, Malaysia's worst flooding in decades is expected to cut local palm oil output, lifting palm oil futures.
Lower corn prices and thin starch margins point to weaker corn-based feed co-product demand in China, while the expected Malaysian palm output cut is supportive for palm oil and vegetable oil feed inputs.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.