Market Perspectives – March 24, 2022

Country News

Algeria: There were 200 KMT of barley purchased via tender at $470/MT. (AgriCensus)

Argentina: The Buenos Aires Grain Exchange says the corn harvest is 6.9 percent complete and crop sales have increased. (AgriCensus)

Brazil: A strike by tax collectors is delaying loadings at the Port of Santos. (AgriCensus)

Indonesia: Agriculture Minister Syahrul Yasin Limpo told a parliamentary that the target for corn production in 2023 is 23.21 MMT, a 10.7 percent reduction from the January-April 2022 crop. (Reuters)

South Korea: Feed group KFA purchased 65 KMT of corn for June delivery.  (AgriCensus)

Turkey: TMO purchased 500 KMT of corn for loading during the April-May period. (AgriCensus)

United Kingdom: After negotiating the removal of Section 232 duties on steel and aluminum, London will remove the 25 percent punitive tariff that had been applied to imports of corn from the U.S. (FeedNavigator)

Ukraine: Some areas have begun spring planting, but Agriculture Minister Roman Leshchenko says the crop will be less than half as large this year and “There will be less corn…We have large stocks of corn, and how to export it later is a very difficult question.” (Reuters)