Country News
Algeria: Government agency ONAB is seeking corn in a tender for January. (AgriCensus)
Argentina: The Buenos Aires Grains Exchange reports that growing conditions for corn have improved. (AgriCensus)
China: The planting of GMO corn in 2024 will hit 670,000 hectares (1.66 million acres), or around double the area of 2023 and more than a dozen GMO corn events have been approved. China imported a record 3.59 MMT of corn in November, with Brazil supplying 90 percent. (Reuters; World Grain)
Brazil: The delay in corn planting is causing farmers to delay fertilizer purchases. The delay implies an 8 percent larger decline in corn planting than forecasted by the government. Exporters’ association Anec increased its estimate for December corn exports. (Reuters; AgriCensus)
Jordan: Government agency MIT purchased 60 KMT of barley for June 2024 shipment. (AgriCensus)
Russia: The export tax on corn was lowered for the December 20-26 period. (AgriCensus)
South Korea: MFG purchased 68 KMT of optional-origin corn from a tender for 140 KMT. The corn sold for $259.75/MT C&F plus a $1.50/MT surcharge for multiple-pot discharge. Delivery is scheduled for late April. FLC tendered for corn with an April delivery. (Hellenic Shipping News; AgriCensus)