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The US Corn syrup market moved decisively lower throughout May **** as abundant domestic supply and subdued downstream demand continued to pressure seller offers. Market participants reported that comfortable inventories and stable production rates kept the Corn syrup market well supplied, while weak procurement activity from key end-use sectors limited buying interest. As a result, suppliers increasingly reduced FOB offers to stimulate sales, reinforcing bearish sentiment across the Corn syrup market during the month.
According to ChemAnalyst, the average price of Corn syrup (High Maltose Food Grade) FOB Houston was USD ***/MT in May ****, down from USD ***/MT the previous month, reflecting a notable monthly decline. The correction in Corn syrup prices was primarily driven by weak demand from beverage blenders and confectionery manufacturers, which reduced spot procurement activity during the month. While food manufacturers maintained relatively stable purchasing patterns, softer demand from...
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