WORLD MARKETS AND TRADE :
COMMENTARY AND CURRENT DATA
COARSE GRAINS: WORLD MARKETS AND TRADE
version for charts
Domestic: October export bids for #2 yellow corn soared
by over $20 per ton to $142, the highest in over 10 years. The escalation
results from expanding domestic demand, strong exports, and high wheat prices.
TRADE CHANGES IN 2006/2007
- United States corn is down 1.5 million tons to 55.5 million due to
reduced production and high prices.
- Australia barley is lowered 300,000 tons to 2.7 million as
production is expected to fall to less than half last year’s level.
- Brazil corn is raised 1.0 million tons this month to 3.0 million
because of high international prices and a reduction in the U.S. crop.
- Russia barley is raised 300,000 tons to 2.5 million on higher
production and less competition from Ukraine.
- Ukraine barley is lowered 500,000 tons to 4.7 million as government
export policy has reduced shipments in recent months.
- South Korea corn is down 400,000 tons to 8.5 million based on likely
shifts to less expensive imported feedstuffs..
TRADE CHANGES IN 2005/2006
- United States corn is down 300,000 tons to 56.2 million based on
near-final trade data.
- Argentina corn is up 500,000 tons to 10.5 given a surge in
is used to adjust exporters Brazil,
China, South Africa, and Thailand; and importers China,
Japan, South Africa, South Korea, and Thailand.
- Paraguay corn is raised nearly 1 million tons to a record 1.3
million based on final trade data. The increase is mostly late-season trade
with Brazil (with corn imports there raised 500,000 tons to 950,000, a
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Monday, November 13, 2006