Country News
Brazil: CONAB lowered its estimate for the first corn crop by 3.2 percent to 27.23 MMT while keeping its second crop corn estimate unchanged. This results in a 0.45 percent reduction in overall 2022/23 production at 125.83 MMT. The ship lineup for corn sales to China in December now number nine (606,540 MT) according to the Williams Shipping Agency), up from two in November. (Refinitiv)
Canada: The Stats Canada production estimates report for December indicated corn planted area increased by 3.8 percent and yields edged 0.2 bushels/higher for a record-high production of 14.5 MMT in 2022.
EU: France’s sowing of winter barley is now complete. (AgriCensus)
South Korea: KFA booked 65 KMT of corn for December-January shipment. NOFI tendered for 207 KMT of corn for March-April delivery and made a final buy of 200 KMT. The Major Feedmill Group (MFG) made a private purchase of 65 KMT of corn. FLC purchased 130 KMT of corn. (Reuters; AgriCensus)
Ukraine: The corn harvest is 60 percent complete as winter close in. (AgriCensus)
Vietnam: Local buyers deferred on new shipments based on higher prices and their own heavy stocks. (AgriCensus)