Market Perspectives – February 24, 2022

Country News

Argentina: The Buenos Aires Grain Exchange says that corn harvesting has begun with 1.7 percent captured by 16 February. (AgriCensus)

Brazil: Datagro pegged the corn crop at 117.82 MMT, up from its previous forecast of 115.22 MMT, and corn exports were higher in February. Deral says that the Paraná summer corn harvest is 38 percent complete; Emater notes that Rio Grande do Sul corn harvesting is 54 percent complete; and Conab placed overall national corn harvesting at 20 percent done. Mato Grosso farmers have entered talks to sell 5 MMT of corn directly to Iran.  (Reuters; AgriCensus)

China: The General Administration of Customs has approved the importation of corn from Myanmar. (Reuters)

EU: Overall moisture conditions are good but southern and southwest Mediterranean regions remain in a drought. French barley is in good condition. (MARS; FranceAgriMer)

Jordan: The state grain buying agency issued a tender for 120 KMT of feed barley. (Reuters)

Russia: the export tax on barley and corn were cut for the week of February 24 – March 2. (AgriCensus)

Turkey: The state grain board operator Toprak Mahsulleri Ofisi purchased 255 KMT of barley for March delivery. (AgriCensus)

Ukraine: Despite war risks, a rare sale of two shipments of corn were made to Vietnam. (AgriCensus)