Market Perspectives – September 28, 2023

Country News

Algeria: ONAB tendered for 120 KMT of corn and 30 KMT of barley. (AgriCensus)

Argentina: A lack of rain could reduce corn planted area. (AgriCensus)

Brazil: Parana summer corn planting is at 71 percent and 50 percent in Rio Grande do Sul. Conab says overall national corn planting is at 18.3 percent. IMEA warns that corn profitability faces headwinds as margins are a burden. (AgriCensus)

EU: France AgriMer says 81 percent of French corn is in good/excellent condition, down from 82 percent a week earlier. (Reuters)

Iran: SLAL tendered for 180 KMT of corn. (AgriCensus)

South Korea: KFA’s Busan section bought 65 KMT of corn in an international tender with sourcing likely to be South America or South Africa. The price was $263.75/MT. KFA tendered for an additional 136 KMT of optional origin corn and purchased 132 KMT for December-January delivery. (Refinitiv; Reuters)

Tunisia: The state grains agency purchased 50 KMT of feed barley. (Reuters)

Turkey: Authorities will control corn exports from October forward. (AgriCensus)

Ukraine: A line up may have been negotiated for ships to carry corn to China. (AgriCensus)