Country News
Algeria: State agency ONAB tendered for 120 KMT of feed corn broken into three shipments with an initial delivery by 15 July. The total purchase quantity is pending but the source is Argentina and the price was in the high $270s/MT C&F. (Refinitiv)
Argentina: The Buenos Aires Grains Exchange lowered its estimate for the corn crop by 2 MMT to 34 MMT. (AgriCensus)
Brazil: Deral reports the corn harvest in Paraná is delayed and IMEA sees the corn harvest in Mato Grosso as 19.2 percent complete. AgRural says moisture is delaying the corn harvest but Conab says the overall Brazilian safrinha harvest is 11 percent complete. (AgriCensus)
Mexico: The USDA attaché reduced its corn output forecast but Mexico is projected to increase corn output in spring/summer 2023 by 1.3 percent. (AgriCensus)
Russia: Black Sea barley yields look promising, and EU MARS sees above average production. Moscow lowered the export tax for corn during June 28 – July 4. (AgriCensus)
South Africa: The Crop Estimates Committee raised its forecast for corn production to 16.3 MMT. (AgriCensus)