Country News
Argentina: The Rosario Board of Trade says corn production this year will exceed 50 MMT. (AgriCensus)
Australia: The drought and recent rains in Western Australia is encouraging the planting of barley over canola. (FarmLead)
Brazil: The forecasting firm Agroconsult raised its corn export prediction from 31 MMT to 38 MMT as total production will be 101.2 MMT, versus its earlier estimate of 100.4 MMT. Meanwhile, AgRural says the second crop corn harvest is at 10.2 percent. (AgriCensus; Reuters)
Canada: Barley exports are cruising toward a record high with 2 MMT already shipped out. That is a 19 percent increase over this same time last year. (FarmLead)
China: The corn auction saw sales reduced for the fourth straight week and 2019 sales are at a new low. (AgriCensus)
EU: The consultancy Strategie Grains reduced its forecast for barley production by 700 KMT to 59.6 MMT, which is still a 7 percent increase over last year’s drought reduced crop. French barley was recently sold to China. (FarmLead; AgriCensus)
India: The government trade agency MMTC postponed its corn import tender for the sixth time, pegging 25 June for its execution. (AgriCensus)
Turkey: The government grain trade agency TMO completed a tender for 100 KMT of corn as the price for the crop pushes higher. (AgriCensus)
Ukraine: Corn exports hit 28.6 MMT, exceeding the government’s forecast. (AgriCensus)