Grain Highlights 13.07.2022

According to ProZerno's forecast, wheat exports from Russia will reach 42.5 million tons in 2022/23. Barley exports are projected at 4.8 million tons and corn exports are expected at 3.5 million tons.

- According to ProZerno's forecast, wheat exports from Russia will reach 42.5 million tons in 2022/23. Barley exports are projected at 4.8 million tons and corn exports are expected at 3.5 million tons. The total grain production will be 136,195 million tons, including wheat production of 88.106 million tons, barley production of 19.674 million tons and corn production of 15.022 million tons.

- In Siberia, the drought is intensifying, during which the level of the Yenisei River drops very quickly and is at a hundred-year minimum. This causes major problems for the farmers along the river.

- According to Safras&Mercado data, as of 07/08/2022, 29.5% of the second corn crop (14.73 million hectares) has been harvested in Brazil.

- Abiove forecasts soybean exports from Brazil in 2022 of 76.8 million tons (-0.2 compared to June and a record 86.1 in 2021). Soybean production will reach 125.8 million tons (+0.3 and -9.4% compared to 2021). Soybean processing is estimated at 48.3 million tons (+0.2 and +0.519). Soymeal production will reach 37 million tons (36.77 in 2021), and soyoil production is projected at 9.8 million tons (9.75 and 9.64).

- According to data from the customs services of China, 8.25 million tons of soybeans were delivered to the country in June (9.67 in May and -23% compared to June 2021). During the first 6 months of the year, soybean imports were 46.28 million tons (-5.4%).