Grain Highlights 02.08.2021

According to Rusagrotrans forecast, the export potential of Russia in 2021/22 is estimated at 47.8 million tons.

- According to Rusagrotrans forecast, the export potential of Russia in 2021/22 is estimated at 47.8 million tons. Total grain production is projected to reach 127 million tons, including wheat production of 80.2 million tons. Total exports will reach 47.8 million tons, including wheat exports of 35.3 million tons.

- In the July report, analysts from the European Commission raised the forecast for corn production in the EU in 2021 by 2.2 million tons to 72.8 million tons (65.1 million tons in 2020). Corn imports estimate was reduced by 1 million tons to 14 million tons (14.3 million tons in 2020/21). Domestic corn consumption is expected to reach 81.4 million tons (+1% compared to 2020/21) and ending corn stocks are projected at 19.1 million tons (+10%).

- Jordan has announced a tender for the purchase of 120,000 tons of milling wheat of any origin and delivery within February - March 2022. Jordan is also looking to purchase 120,000 tons of feed barley.