Grain Highlights 13.01.2022

In their January report, analysts from Strategie Grains lowered their forecast for the EU wheat production in 2022/23 by 1 million tons to 127.7 million tons (129.8 in 2021/22).

- In their January report, analysts from Strategie Grains lowered their forecast for the EU wheat production in 2022/23 by 1 million tons to 127.7 million tons (129.8 in 2021/22). In 2021/22, EU wheat exports are projected at 31.2 million tons (31.5 in December).

- Yesterday, commodity funds in Chicago were net sellers of 2,500 contracts of corn and 8,500 contracts of wheat and net buyers of 5,500 contracts of soybeans.

- In 2022, oil imports to India will fall by 2% compared to 2021 to 13.8 million tons, including palm oil imports of 8.1 million tons (8.5). Imports of soyoil and sunseed oil will increase by 100,000 tons each.

- The authorities in China will strive to maintain the country's grain production at 650 million tons in 2022 and increase it to 700 million tons in 2025. Total areas sown with cereals in 2025 will be 117 million hectares (+25%).

- In 2022, biodiesel exports from Malaysia are expected to reach 250,000 tons, the lowest level in five years. Production in the country will increase to 1.2 million tons. In 2021, exports were 300,000 tons.

- Turkey has announced a tender for the purchase of 345,000 tons of barley with delivery within 15.02 - 10.03.2022. Almost 400,000 tons of barley were purchased at the previous tender.