Country News
EU: Recent increases in Chicago wheat futures contracts could result in higher EU wheat exports, which May then in-turn cause the EU to import more corn if feed wheat supplies tighten up reports Bloomberg News.
Morocco: Morocco’s grain imports for the June-October period were up by 80 percent in 2014 compared to the same period in 2013 to total 2.2 MMT, reports WPI. Of this total, some 220,000 MT was barley and 1.1 MMT was composed of corn, sourced mainly from Argentina and Brazil.
Russia: Russia has instituted a series of informal actions to cut down on the country’s grain exports in order to stabilize domestic prices. According to Reuters. Railway loading has been cut significantly this week and as of now will be in place for an indefinite period of time. This action comes in tandem with stricter quality checks at grain processing and storage facilities as a means of preventing grain from leaving Russia.
Uganda: Uganda is predicted to export 300,000 MT of corn this year, which is up from last year’s 250,000 MT, according to WPI.