ARGENTINA-GRAIN FORECASTS.
Argentine corn is slashed again this month, by 2.0 million tons, to 7.0 million on lower expected supplies due to drought. This is the lowest export level in 13 years.
Paraguayan corn is lowered by 500,000 tons on a major cut in production.
Russian corn is boosted by 200,000 tons to 500,000, the highest in over 20 years, on indications of brisk trade.
Ukrainian corn is raised 500,000 tons to a record 4.0 million with record exportable supplies.
Argentine barley is lowered 200,000 tons to 750,000 based on slow demand.
Australian barley is up 500,000 tons to 3.5 million based on larger exportable supplies.
EU barley is reduced 500,000 tons to 4.0 million based on strong competition from Ukraine and Russia.
Australian sorghum is raised 400,000 tons to 850,000, the highest in 8 years, on a larger crop and expectations of greater shipments to Japan.