Country News
Canada: The growing season on the Canadian prairie has lengthened by about two weeks over the course of the past half century, leading many to believe that Canada’s grain belt could become a major corn-growing region, according to Bloomberg News. Last year, farmers planted a record 405,000 acres of corn in Manitoba, Alberta and Saskatchewan, which was twice the amount planted the year prior and eight times the amount planted 20 years ago.
South Africa: Corn production estimates have been raised by 0.3 percent, according to Bloomberg News. Farmers could harvest 13 MMT of corn, which is up from last month’s forecast of 12.95 MMT and 11 percent above the 11.7 MMT brought in last year. This crop may be South Africa’s largest since 1981 when it produced 14.1 MMT. Yellow corn for July delivery dropped by 0.2 percent to trade at $209.18/MT.