Country News
Algeria: OAIC tendered and bought 330 KMT of barley for October delivery. (AgriCensus)
Argentina: New crop corn sales have surged, and the Buenos Aires Grains Exchange expects 2021/22 corn production to be 55 MMT, a potential record compared to the 50.5 MMT produced previously. (Reuters; AgriCensus)
Brazil: Farmers have sold 70 percent of their Safrinha corn crop, up from 63 percent last year, according Safras and Mercado. IMEA reports that Mato Grosso corn sales for August were up. The Rio Grande do Sul corn crop is up 39 percent. Meanwhile, new-crop corn planting is at 16.7 percent and AgRural predicts the total for 2021/22 corn production will be 116 MMT, 2 MMT below USDA. AgRural says moisture levels have improved but Central Brazil remains dry and has delayed planting. (Reuters; AgriCensus)
Canada: There will be a shortage of feed this winter, likely inducing imports of 5-6 MMTs of corn. Oat production is only 2.6 MMT, versus the season opening estimate of 4.5 MMT. Oats may be priced at a premium to corn during the harvest period. (Reuters)
China: Sales rebounded last week with corn buying at the imported corn auctions. CASDE cut the corn demand outlook for 2020/21 and 2021/22. (AgriCensus)
EU: The French maize crop rated good/excellent declined from 91 percent to 89 percent but are still much better than the 60 percent rating last year. (FranceAgriMer)
Mexico: The government’s plan to increase corn self-sufficiency “is not correct” and instead imports have increased. (AgriCensus)
Russia: The government increased the export tax on barley but reduced it on corn. The Agriculture Ministry reports that 17.5 MMT of barley have been harvested as of 15 September. (AgriCensus)
South Korea: KFA bought corn privately at $326.39/MT (AgriCensus)
Turkey: The state grain board TMO tendered for 260 KMT of feed barley for October shipment. (Reuters)
Tunisia: The government grain agency OTC bought 100 KMT of barley on stable prices. (AgriCensus)
Ukraine: Barley exports were down 65 percent week on week. (AgriCensus)