Country News
Argentina: The Rosario Grans Exchange cut its forecast for the maize crop by 2 MMT to 50 MMT due to the drought. The Buenos Aires Grain Exchange also cut its estimate. (Reuters)
Brazil: New crop corn shipments have hit 5.1 MMT so far in September. (AgriCensus)
EU: The French maize crop was 26 percent harvested as of 19 September. (Reuters
Philippines: Importers issued a tender for 45-50 KMT of barley. (Reuters)
South Korea: NOFI purchased 135 KMT of corn and 12 KMT of barley in a tender scheduled for January delivery. MFG bought 137 KMT with one consignment of 69 KMT scheduled for arrival around 20 December and priced at $333.38/MT C&F with a $1.50 extra port unloading surcharge. Additional tenders are being issued. (Refinitiv; AgriCensus)
Ukraine: Farmers have threshed 92,200 MT of corn from 0.5 percent of the sown area according to the agriculture ministry. (Reuters)
Vietnam: High cost will cause corn imports in 2021/22 to fall to a total of 9.5 MMT, the lowest since 2017/18. The drop is likely to be temporary. (FAS GAIN)