Country News
Algeria: After tendering last week for 140 KMT of corn, there were no purchases made. (Refinitiv)
Argentina: The estimated yield for this year’s corn crop may get lowered again below the 36 MMT previously expected. The El Niño is not expected to bring needed rains before September. (Refinitiv)
Brazil: The safrinha corn crop is in good condition, though farm sales lag last season. The consultancy Pátria Agronegócios raised its estimate of the second corn crop by 5.3 percent to 97.17 MMT. Livestock producers are hoping a sharp drop in corn prices will improve their profit prospects. (Refinitiv)
Canada: Barley stocks as of 31 March were 2.7 MMT, up 43.9 percent from the 1.9 MMT a year earlier. Oat stocks at 2.6 MMT were up 114 percent from a year ago. (Refinitiv)
China: State-owned COFCO Group purchased 53 KMT of South African corn. This followed an earlier purchase of 109 KMT of corn as China seeks to deepen a supplier relationship with South Africa. (Refinitiv)
EU: Barley exports so far in 2022/23 total 5.45 MMT, a 19 percent decline from a year ago. Corn planting in France progresses with crop conditions stable. Strategie Grains reduced its forecast for 2023/24 output of barley and maize. (Refinitiv; AgriCensus)
Jordan: Government agency MIT purchased 50 KMT of barley for October shipment. (AgriCensus)
Russia: The government increased the export tax on barley. (AgriCensus)
South Korea: Feed importers have put purchases on hold as they await lower prices. (AgriCensus)
Taiwan: MFIG purchased 65 KMT of Brazilian corn for July-August shipment. (AgriCensus)
Tunisia: The state grains agency ODC purchased 75 KMT of barley at $256.30/MT in an international tender. (Refinitiv)
Ukraine: Thus far in the July-June 2022/23 marketing year, 25.1 MMT of corn and 2.5 MMT of barley have been exported. Inspections of exports moving through the grain corridor have slowed greatly Russia refuses to register incoming vessels. The Black Sea corridor agreement expires on 18 May. (Refinitiv; Bloomberg)