SovEcon raised its forecast for the wheat production in Russia in 2021 from 80.7 million tons to 81.7 million tons. Growth is mainly due to the larger wheat areas in Russia.

According to the forecast of Atria Brokers, the world's total sunseed production will reach 57 million tons in 2021/22, which is 7 million tons higher than 2020/21.

The Ministry of Agriculture of China forecasts soybean imports in the country of 102 million tons in 2021/22 (+1.6% compared to 2020/21).

AgRural lowered its forecast for the second corn crop in Brazil in 2020 to 69.6 million tons from 75.1 million tons in their previous estimate.

According to the forecast of Ukroliyaprom, oilseed production in Ukraine will reach 21.2 million tons in 2021, including sunseed production of 15.3 million tons, soybean production of 3.1 million tons and rapeseed production of 2.8 million tons.

Over the previous week, Chicago SRW wheat futures prices have risen again for another week. CBOT corn and soybean futures prices have skyrocketed.