Country News
Brazil: Brazil’s Supreme Court unanimously blocked the city of Santos’ efforts at preventing the Ponta de Praia neighborhood from moving, loading or storing bulk goods, including corn, according to Reuters. The issue stems from local complaints concerning the high volume of truck traffic. The court ruled that the port is under federal jurisdiction and the city had no legal authority over it.
India: The monsoon will leave India’s grain-producing northwest next week, but could linger in the central and southern portions of the country, reports Reuters. The overall grain harvest is expected to be lower than last year due to the late and weak appearance of the monsoon season, but is still expected to meet the country’s needs.
Russia: The Agricultural Ministry has announced that Russia is on track to harvest upwards of 100 MMT of grain this year, reports Reuters. The country’s exportable surplus in 2014/15 will total 27-30 MMT.
South Africa: South African yellow corn for December delivery has risen to $164.37/MT, according to Bloomberg News.