China corn production boosts 2012/2013 output
North Korea has had a favorable growing season for corn, with 2012/13 production projected up 0.4 million tons this month to 1.8 million due to good yields. Rainfall through the season was favorable, with the typhoon damage that hurt South Korea passing to the west of North Korea’s corn area. The forecast corn yield is the highest since 1990.
A record 2012/13 corn harvest is projected for Chile, up 0.3 million tons to 1.8 million based on a record area. There is also a small increase this month for Australia’s corn production.
Partly offsetting the aforementioned increases in projected corn production are reduced prospects for several countries. Argentina, Moldova, and Ukraine are each reduced 0.5 million tons this month, with smaller declines for Belarus and Jordan. Argentina’s corn production prospects decline to 27.5 million tons as extensive heavy rains during the planting season are likely to cause some producers to switch to shorter-season crops, or in the most severely flooded areas, prevent planting. Moldova’s corn crop is cut in half this month to 0.5 million tons as severe drought devastated yields and trimmed area harvested. Ukraine’s corn crop is reduced to 20.5 million tons as snow has stalled corn harvesting, and fields harvested after snow melts in the spring will suffer reduced yields.
Australia’s 2012/13 sorghum production is projected down 0.3 million tons to 2.4 million and the previous year’s production is trimmed 0.1 million to 2.2 million. Area harvested is increased for both years, but yields are reduced. Area in 2012/13 is expected to expand as cotton prices are less attractive than sorghum prices, but dry soils are expected to prevent 2012/13 yields from matching the previous year. Oats area is reported lower, trimming 2012/13 production prospects 0.2 million tons to 1.1 million.
Statistics Canada reported oats area and yield as less than expected, reducing 2012/13 production 0.3 million tons to 2.7 million. Barley production is down 0.6 million tons to 8.0 million, with reduced yields more than offsetting a small area increase.
There are small mostly offsetting changes this month to EU barley, corn, mixed grain, oats, and rye. There is a slight reduction in area and production prospects for barley in Chile.
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