Country News
Brazil: The consultancy Safras & Mercado says the 2019/20 corn crop will be 103.97 MMT, just 3 percent from last year’s record-breaking crop. AgRural says the safrinha corn harvest is now 67 percent complete. (Reuters; AgriCensus)
EU: Amid record heat, FranceAgriMer again reduced its rating for the French maize crop to 74 percent good/excellent, down from 78 percent a week earlier. (Reuters)
Mexico: The corn production estimate for 2018/19 was raised by 150 KMT to 26.85 MMT. The production estimate of 27 MMT for 2019/20 is unchanged. (USDA/FAS)
Indonesia: The fall armyworm will reduce the 2018/19 corn crop by 600 KMT. (USDA/FAS)
South Africa: Corn exports for 2019/20 will be 1.1 MMT, down 400 KMT from the previous estimate and just half the amount of corn exported in 2016/17. (USDA/FAS)
South Korea: Taking advantage of falling prices, the Korean Corn Processing Industry Association (KOCOPIA) issued a tender for 60 KMT of corn. (Reuters)