There is less than five months of the annual marketing window left during which more sustainable price levels may be ensured for the following production year. Producers should use the current selling opportunities until end of September to export maize in storage before the next USA corn crop will be harvested. It is still possible to reduce this marketing’s year record amount of maize in storage from 4.2 million tons to 2.7 million tons by the end of April 2019. It is still not a sufficient reduction in stock levels but it will contribute to the sustainable production of maize in the next production season. A healthy cash flow qualifies for a sufficient production loan. Producers already commit themselves to export a significant portion of the old season crop in storage.
Published on Monday, 21st May 2018 - 07:42