European corn imports continue at pace.

Corn imports have continued at pace as buyers in Spain, the Netherlands and Portugal continue to take advantage of low global corn prices. While EU-wide imports at 387,095 MT for the week were unremarkable compared with the previous two weeks, they remained above the average weekly volume seen over the rest of the year. Total imports for the marketing 2017/18 year are now 52% higher than at the same stage last year, having reached 9.8 MMT. Corn imports from Brazil have raced ahead of other origins this year, almost five times higher than at the same time last year at 4.9 MMT. Imports from Ukraine are up 34.8% on last year at 3.4 MMT.