Country News
Brazil: The corn harvest is the fastest pace in five years and corn exports are strong. The Philippines was back for a second tranche and paying lower prices. (AgriCensus)
China: The latest Chinese Agricultural Supply and Demand Estimates (CASDE) report referred to current corn supplies on the market as quite ample despite demand increasing as the pig production stabilizes and wheat feeding declines. Estimates were unchanged. (Reuters)
EU: The persistent dry weather is mostly impacting barley and corn, though the latter is still supposed to be at a record production level due to expanded planting area. France is selling barley to Iran’s growing demand with two cargoes booked, the first for 63 KMT. This is the first French barley sale to Iran in three years. (Reuters; Refinitiv)
Jordan: Government agency MIT purchased 60 KMT of barley for delivery during the first half of September. (AgriCensus)
Russia: Corn and barley export taxes were raised for 15-21 June. (AgriCensus)
South Africa: Corn exports show potential even though farmers could harvest a smaller crop this marketing year. (Reuters)
South Korea: FLC purchased corn from Pakistan at $367.45/MT for delivery during July-August. (AgriCensus)
Ukraine: Winter barley harvesting has begun with the harvested area down 18 percent from last year and yield expected to be down 28 percent. Typical corn abandonment is just 1 percent. (Reuters)