Country News
Argentina: The port grain inspectors union Urgara has agreed preliminarily to avert further striking amid negotiations over wages. (AgriCensus)
Brazil: Corn exports in September totaled 6.6 MMT versus 6.44 MMT a year ago and corn prices are testing new highs. CONAB forecasts a record corn harvest for the 2020/21 growing season with total production expected to be 105.2 MMT. However, USDA says the country’s corn output will be 107 MMT. The area planted will expand, especially in Mato Grosso where there are good yields for the safrinha corn crop. The 2019/20 corn crop used 18.5 million hectares, a 5.7 percent expansion on the previous year. (FAS GAIN; World Grain; AgriCensus)
Canada: Demand for barley exports is lifting prices up off of harvest lows. Feed barley prices are almost back to the highs of this past spring. There will also be more oats and rye available for export. (FarmLead)
EU: The European Commission says maize imports could be 3.2 percent greater due to a drought-impacted domestic crop, but some believe it could go as high as 20 MMT. The French corn harvest reached 32 percent despite late September storms. (Refinitiv; AgriCensus)
Ukraine: Exports are running behind year ago levels with sales thus far being 2.9 MMT of barley and 678,000 tons of corn. ProAgro says corn production this year was 31.74 MMT, versus 34.02 MMT a year ago. The corn harvest is about 20 percent complete. (Refinitiv; AgriCensus)
South Korea: Nonghyup Feed Inc purchased 200 KMT of corn in a tender. (AgriCensus)
Syria: The state buying agency is seeking 50 KMT of corn at tender. (AgriCensus)