Country News
Argentina: The Buenos Aires Grain Exchange forecasts 2019/20 corn production at 51.5 MMT, a 500 KMT increase from a month ago. The harvest is now 86.4 percent complete. (Reuters)
Brazil: CONAB estimates 2019/20 corn production at 100.6 MMT, down 400 KMT from its June estimate. Most of the reduction was taken from the safrinha crop. (Reuters)
China: The National Grain Trade Center reported 3.970 MMT of corn sold at auction, or 100 percent of the mount offered. The average price was 1,899 yuan/MT ($271.51/MT). Between 2017 and 2020, China has sold over 200 MMT of corn from its reserves, which are about to bottom out. The National Grain and Oil Information Center believes the deficit in corn supply could be 25 MMT rather than the earlier official number of 12 MMT. (Reuters; JCI)
Cuba: Maize production in 2019 was 280 KMT, a 19 percent decline from 2018 and consistent with the overall pattern of falling declining agricultural production on the island. (Agricultural Sector, National Office of Statistics and Information)
EU: At 19.52 MMT, corn imports for the 2019-20 marketing year ending 30 June fell 19 percent from a year ago, according to the EU Crop Observatory showed. (SPG Global)
Mexico: Corn imports for the first five months of 2020 are up 2 percent from the same period a year ago. (AgriCensus)