Market Perspectives February 25, 2016

Country News

China: Corn imports in January were the lowest since 2013 whereas wheat imports for the month were up by 209.7 percent. (Bloomberg)

Europe: European livestock are consuming increasing volumes of imported corn as a result of that grain’s attractive pricing. Dairy cattle feed rations reached 29 percent corn content last year and now are at 30 percent. (Bloomberg)

India: Total coarse cereal production is estimated at 38.40 MMT, versus 42.86 MMT in 2014/15. The rabi season corn crop is estimated at 5.41 MMT, down from 7.16 MMT last year. (WPI)

South Africa: Makenosi Maroo of the Department of Agriculture says that maize with unapproved GM traits will be allowed into designated storage in order to speed up imports. Normally such product must go straight to processing. (Reuters)