Market Perspectives – April 6, 2023

Country News

Algeria: The country’s state agency ONAB tendered for 70 KMT of corn. (Refinitiv)

Brazil: With the state of Paraná finishing its soybean harvesting late, Deral says there are concerns about the second corn crop. (AgriCensus)

EU: French barley prices softened on upcoming China-Australia discussions that could return sales from Down Under. (AgriCensus)

Jordan: The state grain buyer purchased 60 KMT of optional origin barley at $265.50/MT C&F for shipment in early September. (Refinitiv)

Russia: The export tax on corn was increased but it was reduced for barley for the April 5-11 period. (AgriCensus)

South Korea: NOFI bought corn for September delivery. (AgriCensus)

Ukraine: Corn exports hit 22.1 MMT and good weather will likely lead to a normal crop yield this season. (MARS; AgriCensus)