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Latest news on global feed grain market

Published Mar 21, 2021

Tridge summary

20.03.2021 Algeria: The National Plant Growing Authority has announced a tender for the supply of 40,000 tons of feed barley with delivery in April. (AgriCensus) Algeria Argentina: The Buenos Aires grain exchange has lowered its corn harvest estimate by 1 million tonnes to 45 million tonnes due to drought. Rains this week have reduced drought damage in the pampas farm belt.

Original content

(Reuters; Refinitiv) Argentina Brazil: Second-harvest corn is now 77 percent up from 89 percent a year ago, and the rest will be sown outside the perfect window. CONAB estimates that the total corn harvest for the year will be 108.069 million tonnes after reducing the estimate of the first crop by 8.6 percent and raising the estimate of the large second crop by 10.3 percent. However, very slow sowing of the second crop indicates that compared to similar years, such as 2009 and 2011, yields may suffer. Agriculture Minister Teresa Christina Diaz acknowledges that limited corn supplies are a concern for meat producers and that prices could “make another jump. CONAB shows that domestic corn prices rose 3.6% for the week and are quoted at $ 204.20-231.50 per tonne. The average yield of corn in Brazil is twice lower than in the United States, but growing several crops a year allows it to be a major exporter. (Brownfield News; Reuters; AgWeb; SPGlobal Platts; AgriCensus) Brazil China: ...
Source: Agriagency
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