Market Perspectives – February 7, 2019

Country News

Argentina: A Reuters poll of agricultural analysts predicts corn production will be 43 MMT (range of 41-46 MMT). (Reuters)

Brazil: A Reuters poll of agricultural analysts predicts corn production will be 93 MMT (range of 86-93 MMT), up 3 percent on larger area and yields. (Reuters)

Jordan: The state grain buying agency tendered for 120 KMT of optional origin feed barley. (Reuters)

South Africa: SAGIS confirmed that the first import shipment of corn has arrived. (AgriCensus)

South Korea: KFA sought corn for importation in May but passed on purchasing any. (AgriCensus)

Ukraine: The Ministry of Agrarian Policy says that 13 MMT of corn and 3.27 MMT of barley have been exported thus far this marketing year (beginning July 1). Grain exports overall are expected to be 8 percent higher in 2018/19 versus a year earlier. Meanwhile, there is the view that corn prices will crash in March. (AgriCensus)