Market Perspectives – September 15, 2022

Country News

Brazil: Harvesting of the safrinha corn crop is now 98.5 percent complete according to Conab. Agrural reports that the summer corn crop is now 17 percent planted but traders say reduced fertilizer use could cut output. The government continues the process of complying with China’s requirements to accept Brazilian corn including documentation from exporting firms and inspecting warehouses. (Refinitiv; Bloomberg; AgriCensus)

Canada: StatsCanada reported new estimates for production of barley at 9.427 MMT, up 35.5 percent from a year ago, corn at 14.861 MMT, a 6.2 percent year-on-year increase, and oats at 4.654 MMT, a 65.7 percent increase versus 2021. (StatsCanada)

EU: The estimate of the 2022/23 French corn crop was lowered by 8 percent from the August estimate to 11.33 MMT, the smallest crop since 1990. (Refinitiv)

Jordan: The government agency MIT tendered for 60 KMT of barley with April 2023 delivery. (AgriCensus)

Taiwan: MFIG purchased 65 KMT of corn for November delivery. (AgriCensus)