Country News
Argentina: The Rosario Grain Exchange lowered the estimated corn harvest from 51 MMT down to 50 MMT while the Buenos Aires Grain Exchange says the crop is 48 MMT. (Reuters)
Brazil: As 2019/20 corn plantings begin, they face dry conditions in the Center West and South parts of the country. CONAB now pegs 2018/19 corn production at 99.984 MMT (+600 KMT) and raised exports by 50 KMT to 45 MMT. Demand at the government’s corn auction hit a record low. (Reuters)
Canada: Strong domestic and export demand has pushed barley ending stocks to a record low 893 KMT. Oats are also in demand and stocks will hit their third lowest level at 414 KMT. (FarmLead)
China: The Agriculture Ministry raised slightly this year’s corn production estimate to 255.51 MMT but lowered estimated consumption by 2MMT. (Reuters)
EU: The French corn crop maintained its condition as temperatures cool ahead of harvest. (AgriCensus)
South Africa: The corn crop will still be 14 MMT despite a late planting start but higher corn costs are hurting the domestic poultry industry. (AgriCensus; USDA)
South Korea: After a long wait for lower prices in an already low-priced corn market, MFG finally bought 67 KMT of corn from CJ. (AgriCensus)
Thailand: Barley and feed wheat are being imported to supplant a domestic corn crop that is 22 percent smaller due to drought and the Fall armyworm. (AgriCensus; USDA)
Turkey: Government buying agency TMO booked 200 KMT of barley. (AgriCensus)
Ukraine: The corn harvest has begun, and early indications are that yields are 9.6 percent larger than in 2018. (AgriCensus)