Country News
Argentina: The Buenos Aires Grain Exchange says drought is adversely impacting corn sowings. (AgriCensus)
Brazil: AgRural reports that the first season corn crop planting in center-south growing regions is at 26 percent complete. IMEA says that Mato Grosso corn prices continue to rise on domestic demand. (AgriCensus)
Canada: Agriculture and Agri-Food Canada shows stronger domestic and export demand for oats and barley. As a result, 2020/2021 ending stocks will be lowered materially by AAFC to 700 KMT for oats and 1.1 MMT for barley. Oats prices could outperform barley this year. (FarmLead)
EU: Due to drought, the grain trade association Coceral reduced its estimate for 2020 EU+UK maize production to 62.8 MMT, a 1.8 MMT (3 percent) reduction from last month’s prediction. It lowered the barley production estimate by 1.2 MMT to a total of 61.3 MMT. (Refinitiv)
Iran: The government’s Livestock Affairs Logistic Company (SLAL) is looking to purchase 200 KMT of corn. (AgriCensus)
Kenya: To increase self-sufficiency in maize, the government has raised the minimum price for a 90-kilogram bag to 2,500 shillings ($23 ~ $255.55/MT), and millers have been ordered to buy local grain before trying to import. Additionally, the state-owned National Cereals and Produce Board will cut charges farmers pay to dry corn by 50 percent to 20 shillings and reduce storage fees by 70 percent to 3 shillings. (Bloomberg)
Mexico: Corn production is pegged at 28 MMT this year, a 3.7 percent increase. Meanwhile, corn imports during January-August rose 5 percent year-on-year. (Grupo Consultor De Mercados Agrícolasma; AgriCensus)
South Africa: The government’s Commodity Estimates Committee trimmed its corn production estimate for this year by 0.7 percent to 15.422 MMT. (Refinitiv)
South Korea: The Korean Feed Association passed after tendering for South American corn. (AgriCensus)
Ukraine: The agriculture ministry reports that the corn harvest is 9 percent complete with 2.2 MMT of grain collected. (AgriCensus)