Country News
Brazil: Brazilian farmers are likely to increase plantings of soy at the expense of corn by some 5.5 percent in the 2014/15 season, reports Bloomberg News. Corn output is predicted to fall 1.2-4.1 percent to between 76.6 MMT and 78.9 MMT.
Canada: Grain marketer, CWB, has announced the construction of a fourth grain elevator in in Manitoba in an effort to increase Canadian storage capacity, according to Bloomberg News. The new elevator will be able to handle 34,000 MT when it opens in 2016.
Russia: Bloomberg News reports that estimates for Russia’s barley crop have been cut from 20.2 MMT to 19.5 MMT. The corn crop has been reduced from 12.7 MMT to 11 MMT.