Country News
Argentina: The Buenos Aires Grain Exchange believes the devastating drought will recede with rain and soil moisture conditions improving in March. The Rosario Grains Exchange cut its forecast for 2022/23 corn output by 18 percent to 45 MMT. The Buenos Aires Grains Exchanged lowered its estimate of the corn planted area by 2.7 percent to 7.1 million hectares. (Refinitiv)
Brazil: Exporters association Anec says corn exports sales to China in January have now exceeded 1 MMT. It increased its estimate for total exports by 16 percent to 5.024 MMT. Planting of the safrinha corn crop has begun in some areas. (Reuters; AgriCensus)
South Korea: In its first tender for 2023, MFG purchased 68 KMT of corn from Viterra with arrival expected in April. (AgriCensus)
Taiwan: The MFIG purchasing group tendered for 65 KMT of corn with bids based on premiums over the Chicago July contract and due on 11 January. Depending on sourcing, shipment is to occur between March 20 and April 8. (Nasdaq)
Tunisia: The state grains buying agency ODC purchased 75 KMT of animal feed barley at $320/MT. (Refinitiv; AgriCensus)
Ukraine: With its corn harvest now 81 percent complete, exports in 2022/23 have thus far totaled 13.3 MMT, and about 1.7 MMT of barley has been exported. Reuters)