Country News
Argentina: Despite strikes are disrupting delivery operations, but the corn export register limit was raised to 36 MMT. (AgriCensus)
Brazil: Corn producer group Abramilho says that corn exports to China should begin before year end based on Agriculture Ministry negotiations with Beijing over accepted GMO traits. Meanwhile, harvesting of the safrinha corn crop is 40 percent complete in the center-south according to Conab, and 20 percent complete in Parana reports Deral. Because 11 MMT of soybeans remain unsold amid a rapid corn harvest, an unusually large amount of newly harvested corn is having to be stored in the open air. (Refinitiv; AgriCensus; MercoPress)
China: Despite recent heavy rains in some areas, the Ministry of Agriculture and Rural Affairs says that weather in corn growing areas is better than last year. There was no change in the monthly CASDE report (Reuters)
South Korea: FLC privately bought 65 KMT of corn from South America at $321.29/MT C&F plus $1.75/MT surcharge for multiple port discharge. KFA bought 68 KMT of corn for October delivery at $324.99/MT. MFG bought 68 KMT of corn from Cargill at $333.75/MT. (Refinitiv; AgriCensus)
Ukraine: The Ukrainian grain traders union UGA reports that farmers have harvested the first 1 MMT of grain for 2022 of which 717,800 MT were barley based on a yield of 2.82 MT/hectare. (Reuters)