Country News
Argentina: The Buenos Aires Grain Exchange says that dry conditions are allowing the corn harvest to progress. (AriCensus)
Australia: Grain prices have rebuilt after China imposed punitive tariffs on barley, including a 14 percent decline in May 2020. The Chinese sanctions in the short-term caused malting barley to be sold as feed barley in the Middle East and over the longer term has reduced barley plantings. (Reuters)
Brazil: AgRural reports that 62 percent of the 87 MMT safrinha corn harvest is complete. Meanwhile, Brazilian officials are talking to China bout approving imports of GM corn in 2022, versus earlier planned 2023 shipments. Anec gave a small uptick in its corn export estimate. Corn planted area in 2022/23 will expand but at a cautious pace. (Reuters)
EU: The corn export potential of Romanian corn is limited due to drought. (AgriCensus)
South Africa: The Crop Estimates Committee increased its estimate of the 2022 corn crop to 14.7 MMT, down 10 percent form 2021. (AgriCensus)
South Korea: NOFI purchased 138 KMT of corn for November delivery split into two 69 KMT deliveries, and MFG tendered for November corn. KFA bought 128 KMT of corn and FLC bought 65 KMT of optional origin corn. (Reuters; AgriCensus)