Browse Data and Analysis

U.S. corn exports to Colombia hit historic trade levels at 3.6 million metric tons (MT) in Marketing Year (MY) 2014 with a trade value of $861 million.

Export prices further declined 1 to 2 percent as supplies of new off-season rice continue coming into the market.

Export prices declined 2 to 3 percent due to rumors of large sales of government stocks and the weakening Thai baht over the past week.

MY2015/16 rice and corn production is expected to increase slightly due to average yield improvement that will offset anticipated acreage reduction.

Wheat imports are forecast to reach 3.95 million tons in MY14/15 and to slightly over 4 million tons in MY15/16 due to strong demand as a result of shifting diets of the Philippine middle class.

The marketing year (MY) 2015/16 corn production is forecast at 23.4 million metric tons (MMT).

South Africa’s net trade in corn is expected to decrease from 2.0 million tons to 100,000 tons in the 2014/15 MY, due to a mid-summer drought that hit the main corn producing areas.

The Japanese feed industry relies almost entirely on imported grains.

Water rationing measures in Taiwan will impact 2015 rice production by approximately 10%, or 110 TMT.

The Government of Costa Rica recently issued a Decree fixing producer and consumer prices of rice, thus maintaining a longstanding policy of price fixing in the domestic rice market.

Indonesian wholesale rice prices grew by 22 percent in February, 2015, while retail prices increased more than 5 percent during the same period.

Export prices continued to decline around 1 percent in anticipation of higher-than-expected sales of government rice stocks.