Corn

In marketing year (MY) 2024/25, Canada’s total production of principal grains (wheat, durum, oats, barley, corn) is forecast to increase by 4.9 percent to 61.4 million metric tons (MMT) over the previous year on an additional 1.7 MMT of wheat production. In MY 2023/24, FAS/Ottawa is forecasting a 55 percent increase in corn imports over the previous year, on strong demand for animal feed due to the impacts of drought in the Prairie Provinces.

FAS/Cairo (Post) forecasts Egypt’s wheat imports in marketing year (MY) 2024/25 to increase by 2 percent from the previous marketing year, due to population growth and the availability of more foreign currency in Egyptian banks.

Uruguayan wheat production in marketing year (MY) 2024/2025 is forecast at 1.3 million tons, 260,000 tons lower than the previous crop season which saw record high yields. Wheat exports are projected down at 800,000 tons, 29 percent lower than the previous year.

Private exporters reported the following sales activity: 216,500 MT of corn to Mexico - 23,000 MT in MY 2023/2024 and 193,500 MT in MY 2024/2025 - and 121,500 MT of soybeans to Mexico - 13,500 MT in MY 2023/2024 and 108,000 MT in MY 2024/2025. Test URL: https://www.freshproduce.com/events/the-global-produce-and-floral-show/

USDA and USAID will deploy $1 billion in Commodity Credit Corporation funding to purchase U.S.-grown commodities to provide emergency food assistance to people in need throughout the world.

Private exporters reported sales of 165,000 MT of corn for delivery to Mexico - 135,000 MT is for delivery during MY 2023/2024 and 30,000 MT is for delivery during MY 2024/2025.