Market Perspectives – August 29, 2019

Country News

Argentina: The Buenos Aires Grain Exchange says the corn harvest is almost complete and exports hit a monthly record in July. The Exchange also lowered its forecast for the 2019/20 corn planting area expansion to 3.3 percent. (AgriCensus)

Brazil: Weekly corn exports have rebounded and corn input costs in Mato Grosso eased in July based on a weaker dollar. (AgriCensus)

China: The government auction for corn remains relatively light. (AgriCensus)

EU: The Monitoring Agricultural ResourceS report cut the estimated corn yield by 1.9 percent due to 1.9 percent due to two months of drought. By contrast, FranceAgrimer says that the French corn crop shows signs of improvement. (AgriCensus)

India: In a rare purchase, feed barley from France has left the port of Rouenn. (AgriCensus)

Saudi Arabia: The government grain agency SAGO paid 21 percent less this year in buying 780 KMT of feed barley. (AgriCensus)

South Africa: The corn outlook remains stable (AgriCensus)

Taiwan: MFIG purchased 65 KMT of corn at 116.5 cents over March 2020 futures. (AgriCensus)

Thailand: A cargo of barley was booked. (AgriCensus)

Turkey: The government’s grain agency TMO launched a tender for 200 KMT of barley for September shipment. (AgriCensus)

Ukraine: Barley exports to China have surged with 1 MMT in sales expected. (AgriCensus)

Vietnam: With demand 70 percent covered, corn buying is expected to slow into October. (AgriCensus)

Zambia: The Zambian National Farmers Union is asking the government not to impose maize price controls due drought. The government says it won’t, though worried about high prices. (Bloomberg)