Country News
Brazil: Brazil may soon allow imports of GM corn from the U.S. Brazil’s rising corn prices are pressuring pork and poultry producers and prompting government intervention. The Ministry of Agriculture, Livestock, and Food Supply will ask the National Biosafety Technical Commission to allow U.S. GM corn to enter the country. (USDA FAS)
China: Chinese corn futures tumbled this week as the government announced additional sales of 7.9 MMT from its stockpiles. The government is expected to sell about 40 MMT of corn in 2016 to reduce its burdensome supplies. (Bloomberg)
Europe: Livestock producers will have ample feed wheat to utilize this year as the EU crop continues to receive excessive rains. The rains have severely damaged the crop and pushed French feed wheat prices sharply below French corn for much of 2016. The conditions are prompting a projected 3.4 percent increase in EU feed wheat usage for the coming crop year. (Bloomberg)
Jordan: The Jordanian government released a tender this week for 100,000 MT of feed barley.