Country News
Argentina: It is believed that Argentine farmers could increase corn plantings by up to 20 percent if the next elected president dismantles the country’s export quotas, reduces taxes and rolls back myriad policies that have slowed investment in agriculture, according to Reuters.
EU: It is predicted that Europe could endure its third mild and wet winter, reports Reuters.
South Africa: South African yellow corn for December delivery has has risen for the first time ina week to total $164.58/MT, according to Bloomberg News.
Ukraine: Ukraine’s grain exports in the first two months of the 2014/15 seasons have risen to 5.01 MMT, reports Reuters. This is a substantial increase over the 3.3 MMT shipped at this point last year. These shipments included 1.89 MMT of barley and 377,000 MT of corn. The agricultural ministry anticipates a total grain harvest of 63 MMT, which is similar to the amount brought in last year. It is estimated that farmers have so far harvested 35.6 MMT of grain over 9.8 million hectares, which is about 66 percent of the total area.