Country News
Brazil: The exporters’ association Anec says 55.95 MMT of corn will be exported in 2023 despite the adverse impacts of the Amazonian drought. That is a new record amount and 25 percent greater than the record set one year ago. First crop corn planting for 2023/24 is 60 percent complete according to Conab and is fully completed in Paraná per Deral. Conab raised its forecast for second crop corn production by 0.014 percent to 91.235 MMT but lowered its estimate for overall corn output in 2023/24 by 0.4 percent to 118.5 MMT, which is off 10.1 percent from 2022/23. IMEA lowered its estimate for the Mato Grosso corn crop and financial services company Banco Itaú Unibanco S.A. predicts that new crop corn production will be 119.1 MMT, down 10 percent from 2022/23. (LSEG; Refinitiv; AgriCensus)
Canada: The corn planted area was up 5.5 percent year-on-year and output at 15.1 MMT was a 3.7 percent increase from a year earlier. (StatsCanada)
EU: Barley exports total 2.79 MMT thus far in the July/June marketing year, down one percent year-on-year, and corn exports are at 7.36 MMT, down 43 percent year-on-year. Corn production in 2023 was down 13 percent from the 5-year average, barley production was off 10.3 percent, and sorghum output was 8.6 percent lower than the 5-year average. The barley crop is the smallest since 2011. (LSEG; AgriCensus)
Jordan: The state grain buying agency purchased 60 KMT of feed barley sourced optional origin. The price was $243.50/MT C&F and delivery is scheduled for second-half February. (LSEG)
South Korea: NOFI tendered and purchased 60 KMT of corn for April delivery while KFA purchased 68 KMT of corn for April delivery. (AgriCensus)
Ukraine: Russia continues attacks on the grain export infrastructure with drones recently damaging the Izmail port district on the Danube that services the movement of corn, barley, and other crops. (World Grain)