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The MY2018/19 rice and corn production forecast remains unchanged as the acreage that has shifted from off-season rice to corn cultivation is far below the government’s target.
Corn prices have steadily risen reflecting overall tightness in feed-quality corn supplies, despite official reports of greater supplies, and weaker demand associated with the spread....
On November 16, 2018, China’s National Development and Reform Commission (NDRC) announced that it will lower its 2019 Minimum Support Price (MSP) for procurement purchases of domestic wheat....
Post forecast Australian wheat production at 17 million metric tons (MMT) for 2018/19 due to hot conditions and low rainfall in eastern Australia.