Country News
Argentina: With the lowest yield in 10 years in the core production area, the Rosario Grains Exchange lowered its estimate of the overall corn crop by 300 KMT to a total of 47.7 MMT. Forward sales of corn have begun to increase. (Reuters; AgriCensus)
Brazil: The surge in prices due to the war encouraged increased sales of corn, including deals closed for 500 KMT from Parana shipping in March – April. CONAB pegged summer corn output at 24.331 MMT, winter corn production at 86.154 MMT, exports at 35 MMT and imports at 1.7 MMT. StoneX says corn exports will reach 40 MMT, depending on the second crop output. ANDA says fertilizer stocks are adequate for the next three months. (Reuters; AgriCensus)
EU: Spain is asking Brussels to waive import controls for maize after the war in Ukraine put European domestic feed rations in short supply. (Reuters)
South Korea: NOFI purchased approximately 199 KMT of corn for May-July delivery. (AgriCensus)
Tunisia: State agency ODC tendered for 100 KMT of barley with delivery slated for March – May. (AgriCensus)
Ukraine: The export ban was expanded and includes barley and corn. (Reuters; AgriCensus)