Country News
Argentina: The Rosario Grains Exchange predicts the 2022/23 corn planted area will decline due to weather concerns. (AgriCensus)
Brazil: The safrinha corn crop is now 93.8 percent harvested according to Conab. According to Sindirações, animal feed production in 2022 will increase by 1.3 percent to 8.1.9 MMT. (AgriCensus)
EU: France’s Agritel consultancy pegged the country’s corn harvest at a 20-year low of 10.8 MMT due to this summer’s drought. (Agritel)
Jordan: State grain buying agency MIT purchased 60 KMT of barley for shipment in February 2023. (AgriCensus)
South Africa: The Crop Estimates Committee raised its estimate for the 2022 maize crop by 2 percent to 15.004 MMT, almost evenly split between white and yellow. That is down almost 8 percent from the 2021 crop. (CEC)
South Korea: The Korean Feed Association (KFA) and Major Feedmills Group (MFG) paid $337.58/MT CFR for corn with a December arrival date. The premium for 69 KMT of the purchase was 178.5 cents/bushel CNF over CBOT December futures plus a $1.50/MT surcharge for additional discharge. Nonghyup Feed Inc (NOFI) purchased 137 KMT of corn from Pan Ocean and Cargill. (Refinitiv; AgriCensus)
Taiwan: MFIG is tendering for corn with delivery in November-December. (AgriCensus)