Market Perspectives – February 17, 2022

Country News

Argentina: The Buenos Aires Grain Exchange reduced its estimate of the corn crop to be harvested next month by 6 MMT down to 51 MMT. (Hellenic Shipping News)

Brazil: Safras & Mercado slightly raised their corn crop estimate to 115.7 MMT. Conab says that corn planting has reached 17.5 percent. (Reuters; AgriCensus)

Iran: State agency SLAL passed on a tender for 60 KMT of feed barley and subsequently tendered for fast shipment of corn and barley. (Reuters; AgriCensus)

Russia: The export tax on barley was raised by $0.80/MT for February 16 – 23. (AgriCensus)

South Africa: The Crop Estimates Committee finalized the 2021 corn crop at 16.31 MMT. (AgriCensus)

Taiwan: Feed miller MFIG purchased 65 KMT of corn from Viterra. (AgriCensus)

Turkey: The government agency TMO made a surprise tender for 255 KMT of barley. (AgriCensus)