Country News
Argentina: USDA’s attaché in Kiev forecasts 2019/20 corn production at 48 MMT, which is 2 MMT lower than in the WASDE. Meanwhile, the WASDE predicts Ukrainian corn exports at 33.5 MMT but the attaché says it will be 38 MMT. Yields may be variable due to uneven rainfall. (FarmLead; FAS; Refinitiv)
Brazil: The safrinha corn crop is estimated at 71.9 MMT, unchanged from January. The first corn crop estimate is raised marginally to 25.9 MMT. The Instituto Mato-Grossense de Economia Agropecuria (IMEA) says that the area planted to corn in Mato Grosso is 5 percent (0.82 MMT) higher to total 32.44 MMT due to demand. (INTL FCStone; AgriCensus; S&P Global Platts; Datagro)
China: A government sale of 2.96 MMT of corn from reserves will begin on 7 February to ease feed shortages in the south. (Reuters)
EU: Corn importing in 2019/20 is raised to 20 MMT. (AgriCensus)
India: MMTC again canceled a tender for corn. (AgriCensus)
South Africa: There were 13,688 MT of corn exported to Zimbabwe in the week ending 24 January, the largest weekly amount since 2013. A total of 50 KMT has been shipped to Zimbabwe where the shortage is estimated to be 1 MMT. (Bloomberg)
South Korea: Corn buying is undimmed by the coronavirus. Lower prices sparked buying by NOFI and FLC for May delivery. (AgriCensus)
Tunisia: The government’s ODC paid $1.20 more per ton to purchase 50 KMT of barley. (AgriCensus)
Ukraine: The 2019/20 corn export total is 28.1 MMT. The Ministry of Economy, Trade and Agriculture says 2019/20 exports include 3.9 MMT of barley and 16.5 MMT of corn. (FAS; Refinitiv)
Zimbabwe: The government will now permit importing of GMO corn to alleviate a drought induced food shortage. The grain will not be allowed to enter the national seed stocks. The Grain Millers Association says that 100 KMT of corn has been imported from South Africa and Brazil. (World Grain Time)