Country News
Australia: Drought has caused the price of sorghum to jump to its highest point since 2007, reports Bloomberg News. The grain, which is commonly used to feed livestock, was at $310/MT in January.
Brazil: Rains are forecast for Brazil’s dry center-south growing region after February 17, according to Reuters. However, the amount of rain that could fall remains uncertain and the hot and dry weather have already caused stress to the country’s corn crop.
Vietnam: One corn cargo of 63,127 MT that had been reported as shipped to China was instead diverted to Vietnam, according to Reuters. Other cargoes have also been reported as diverted to Japan, South Korea and Spain.
Japan: The Ministry of Agriculture received no bids for the importation of feed barley or feed wheat in its weekly auction that closed on Wednesday, reports Reuters. The MOA had sought 120,000 MT of feed wheat and 200,000 MT of feed barley and will seek the same amounts in a tender that closes February 12