Country News
Brazil: The Agriculture Ministry will sell 160,000 MT of corn from stockpiles with prices pegged at 17.50 Reais/kg. (Bloomberg)
China: An auction for 2.0 MMT of state-owned corn will begin on Friday. Prices will range from $1,300-1,450 yuan/MT ($197-221/MT), which is very cheap but involves stock from 2012. Weekly auctions are expected into October. (Reuters)
South Africa: The Crop Estimates Committee raised its maize production forecast by 1.5 percent to 7.16 MMT, which would be 3.8 percent higher than a Reuter’s survey of crop analysts. (Reuters)
Ukraine: Corn crop estimates are rising with some private estimates as high as 28-29 MMT due to favorable spring weather. (Reuters)