Country News
Argentina: The Rosario grain exchange increased its projection for the corn harvest by 800 KMT to 47.3 MMT. Risks to the corn crop remain low. (Reuters)
Brazil: Rogério Gonçalves with the government food supply and logistics agency Conab says the government may sell 500 KMT of corn into the Mato Grosso market after pig producers complained that feed prices have spiked. Meanwhile, traders believe some contracts for August corn could washout due to falling prices. The rainfall forecast will benefit the country’s second crop corn production and a Refinitiv Agriculture Research crop tour saw mostly average to good condition. (AgriCensus; Reuters)
China: Due to its diplomatic dispute with Australia, China purchased barley from France. French spring barley planting is nearly finished. (AgriCensus)
Colombia: Corn production is stagnant at the same time feed demand is rising and this will result in historically high corn imports. Imports will rise by 4 percent with 98 percent of the corn sourced from the U.S. (USDA/FAS)
Japan: Strong feed demand from the poultry sector is helping to push feed production to its highest level since 2012/13. The industry made 23.9 MMT of feed in 2017/18 and will import 15.6 MMT of corn. (USDA/FAS)
Saudi Arabia: A tender was issued to buy 720 KMT of feed barley but corn imports will rise by 13 percent as barley imports overall get reduced. (USDA/FAS; Reuters)
South Korea: Recent price rises have stalled corn purchasing after a 2.5 MMT splurge in buying. MFG is tendering for up to 70 KMT of feed wheat from the Black Sea. (AgriCensus)
Ukraine: Corn exports remain strong and now stand at 18.7 MMT, up 64 percent for the same period in the last marketing year. Barley exports have reached 3.3 MMT, down 18 percent year on year. Spring plantings for various crops have already begun and stand at 18 percent of the anticipated area. (AgriCensus; Kiev Post)