Country News
Argentina: The Rosario Grain Exchange estimates the 2022/23 corn crop at 35 MMT, down from its previous estimate of 42.5 MMT. The government will allow exporters to delay planned corn shipments for up to 180 days due to the impacts of the drought. (Reuters)
Australia: ABARE estimates 2022/23 barley production at 14.1 MMT, which is down slightly from the previous two marketing years. (Reuters)
Brazil: The agriculture ministry says 90 local firms have been added to the clearance list to export corn to China. The total is now 446 firms. Corn-based ethanol production will expand 36.7 percent to 6 billion liters in the new marketing year that starts in April. Conab raised its estimate of the total 2022/23 corn by 0.7 percent to 124.67 MMT. It raised its estimate of first crop corn output by 1.1 percent, and second crop output by 0.6 percent. (Reuters; Refinitiv)
China: U.S. corn has outcompeted Ukraine with an estimated five to 18 vessels of corn estimated to be sold. (Reuters)
Jordan: The state grain buyer purchased 50 KMT of optional origin barley at $279.50/MT C&F with delivery in the second half of June. (Refinitiv)
Russia: Corn exports were down in 2022/23 but they are now competing with traditional suppliers into Vietnam. (AgriCensus)
South Korea: NOFI rejected July arrival corn offers at $333-338/MT. KFA bought 55 KMT of corn for July arrival. In total, buyers took 250 KMT of corn for July arrival. (AgriCensus)
Taiwan: MFIG tendered for 65 KMT of corn with offers required by a deadline of 8 March. (Refinitiv)
Tunisia: Government agency ODC bought 25 KMT of barley at $299.95/MT C&F for March-April shipment. Participation was thin with two or three firms competing. (Refinitiv; AgriCensus)
Turkey: Government agency TMO launched a late tender for 440 KMT of barley with bids due on 2 March and provisionally purchased 465 KMT. Delivery is during the March-May period. (Refinitiv; AgriCensus)