Country News
Argentina: The April estimate for the 2015/16 corn crop is 27.5 MMT, up 500,000 MT from the March estimate. (Informa)
Brazil: The government forecasted the corn crop at 84.66 MMT versus a March estimate of 83.52 MMT. Yield is marked at 5.47 tons per hectare, versus 5.4 tons per hectare last year. (Thompson Reuters)
China: It is speculated that China’s new corn policy will prompt farmers to instead grow more soybeans, though the extent of this substitution is unclear. (Various)
Japan: Japan bought 145,544 tons of old crop corn, providing a boost to the U.S. market. (Thomson Reuters)