- Strategie Grains have lowered their forecast for the EU corn production in 2022/23 to 55.4 million tons (-10 compared to the previous estimate and -14.4 compared to 2021/22). The soft wheat production will be 123.3 million tons (123.3 and -6.5) and barley production is projected at 50 million tons (+0.4 and -1.9).

- Chicago commodity funds were net buyers of 3,500 contracts of corn, 500 contracts of soybeans and 7,500 contracts of wheat yesterday.

- In their first forecast, the Rosario Grain Exchange predicts a 2022/23 corn production in Argentina of 55 million tons from 8 million hectares and a soybean production of 47 million tons from 16.8 million hectares. The wheat production estimate remained unchanged at 17.7 million tons.

- According to an estimate of the Ministry of Agriculture of Argentina, as of 03/08/2022, sales by farmers of the 2021/22 soybean crop were 21.6 million tons (26.8 a year earlier), and sales from the 2022/23 crop were 1 million tons (1.4). Sunseed sales from the 2021/22 were 2.5 million tons (2.4) and those from the 2022/23 crop were 32.9 thousand tons (159.5). Sales of corn were 35.2 million tons from the 2021/22 crop (36.4) and 3.5 million tons from the 2022/23 (5.4). Wheat sales from the 2021/22 crop were 21.3 million tons (14.8) and 5.1 million tons from the new 2022/23 wheat crop (4.8).

- According to government data, Egypt's wheat stocks will be sufficient to meet domestic demand for the next 7.2 months. Stocks of vegetable oils will be enough for 5.3 months.

- The government of Iran has purchased 6.5 million tons of wheat from local farmers.

- According to government data, wheat stocks in Yemen are sufficient to meet domestic demand for the next 2.5 months. 250,000 tons of wheat were bought from Romania and France and a deal for another 110,000 tons is expected.

- According to Oil World data, soybean exports from the largest exporters in the world were 10.72 million tons in July (13.45 in June and -7.3% compared to July 2021), including 2.15 million tons from United States (2.27 and 0.96) and 7.52 million tons from Brazil (10 and 8.67). The biggest buyers were China with 6.28 million tons (7.19 and 6.5) and the EU with 0.99 million tons (1.29 and 0.97). Over the period of September - June, soybean exports were 137.3 million tons (146.1).