Kiwoom Securities | 2018.03.12


March USDA Cereal Inventory Ratio Forecasts Announced: Corn Decline, Wheat Rise, Soybean Decline

- Corn: Decrease in South American production due to bad weather, demand increase in favor of US exports

- Sector: Kazakhstan / Russian supply forecast upward;

- Soybeans: Worsening weather, Argentina production decline, Demand remains unchanged

KT & G sells more than 200,000 cigarette-type electronic cigarettes 'Lil'

- 'Lil' sales exceeded 200,000 units in 100 days

- Recorded figures that are still sold only in Seoul area.

- High response from offices in Yeouido, Gwanghwamun and Gangnam



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