Country News
China: Chinese health officials have officially cleared the country’s first major shipment of GMO corn from Argentia, according to Reuters. The 60,000 MT shipment is set to be used in hog and chicken feed. China has also recently approved Ukrainian corn for import in an effort to meet increased demand for animal protein.
France: French barley exports have risen by 39 percent over levels seen last year to 5.97 MMT, reports Bloomberg News. Corn exports on the other hand have fallen by 4.7 percent to 6.43 MMT.
Japan: The Japanese Ministry of Agriculture, Forestry and Fisheries has reported that the country purchased 52,590 MT of feed wheat and 39,795 MT of feed barley this week, according to Bloomberg News.
South Africa: Yellow corn futures have dropped their furthest in two weeks as the rand appreciated against the dollar, which has made imported grain a cheaper alternative to domestic supplies, reports Bloomberg News. Yellow corn for September delivery declined by 1 percent to $216/MT, while white corn for December delivery fell by 0.4 percent to $236.93/MT.