The progress of the MY2014/15 corn harvest is far below 2013 due to late planting caused by drought. Reservoirs remain critically low due to below normal precipitation, which will likely limit MY2014/15 off-season crop acreage expansion, particularly for rice in the central plain. Rice exports will likely continue strong for the remaining months of 2014 driven by the government-to-government contracts. Also, the Thai Government announced that future sales of its rice stocks will only limit for export.
