- USDA revises maize production downwards
The US Department of Agriculture revised its forecast of domestic maize production downwards by 3.5m tonnes from last months forecast, to 255.4m. With domestic usage unchanged,
ending stocks now stand at 42.65m compared to 46.15m last month. Other market news saw rumours that the US/Japan StarLink problem may be resolved. Harvesting continues with remaining supplies said to be going straight into export channels.
- Weather poses fear of winter-kill in US wheat crop
Fear of dormancy in the 2001 US Hard Red Winter wheat crop remained the main concern last week with 15% of the crop yet to be planted. Oklahoma, Texas and Kansas have seen plantings lag between 10-30% behind the normal pace, with Oklahoma suffering the most. Crop emergence, while slow, has however been helped by the wet weather.
Taken from HGCA weekly MI Bulletin
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