Country News
Argentina: Informa has raised its 2014/15 Argentina corn production estimate to 23 MMT, Reports Reuters. This is up from a January 6 estimate of 22 MMT.
Brazil: Informa has announced its corn production estimate latest in 2014/15 of 72.8 MMT, which is up 550,000 MT from a January 6 estimate, reports Reuters.
Russia: The Agricultural Ministry announced that Russia may export 20-30 MMT of grain in 2015/16, according to Reuters.
South Africa: A lack of rain in Free State province (which produces 43 percent of South Africa’s corn) could negatively impact corn yields, reports Bloomberg News. Yellow corn for July delivery now stands at $186.53/MT.