Country News
Brazil: Brazil will export 5 MMT of corn in August and is forecast to supply half the world’s corn needs during the August to January 2018 timeframe. (Reuters)
China: China has sold 41.7 MMT of corn since May 3, and while prices are lower than last year they remain above import prices in Guangzhou – the feed-deficit region of the country. Corn is being held in government warehouses and the market may choose to buy imported grain. (Reuters)
Russia: The country’s shipping and storage capacity are at a peak as the largest crop in a quarter century is being harvested. Russia’s grain exports have more than doubled in four years and are up 28 percent this year over last. Some are struggling to sell low quality wheat to make room for storing corn. (Bloomberg)