Country News
Argentina: The Buenos Aires Grain Exchange reduced its estimate of the 2021/22 corn crop from 57 MMT down to 51 MMT. (Reuters)
Brazil: Farmers report a shortage of the herbicide atrazine to use on their corn crop. Yields could be hurt due to broadleaf weeds escaping herbicide treatment. The FAS ag attaché pegged 2021/22 corn production at 113 MMT. Deral reports that 19 percent of Paraná’s summer corn crop is harvested and IMEA increased its estimate for Mato Grosso corn output. (AgWeb; FAS; AgriCensus)
Iran: Government agency SLAL purchased 60 KMT of barley. (AgriCensus)
Jordan: The state grain buyer MIT purchased 60 KMT of feed barley at $301.25/MT CFR for delivery during FH July. (Reuters)
Russia: The government lowered the barley export tax but increased the corn export tariff. (AgriCensus)
South Korea: NOFI tendered for 138 KMT of corn with a May arrival deadline. KFA paid $340.99/MT for 63 KMT of corn and MFG took 68 KMT of corn delivered May at $341.89/MT CFR. FLC bought 66 KMT of corn at $339.74/MT CFR. (Nasdaq; Reuters; AgriCensus)
Taiwan: Feed miller MFIG purchased 65 KMT of corn for April/May delivery. With the goal of stabilizing prices, the business tax on imported corn will be suspended until 30 April. (FocusTaiwan; Reuters)
Turkey: State grain board TMO purchased 325 KMT of corn for Feb/Mar shipment. (Reuters)