Grain Highlights

Grain Highlights 31.03.2023

Rusagrotrans forecasts a 2023/24 wheat production in Russia of 82.5 million tons, which is 1.5 million tons more than the previous estimate.

Grain Highlights 30.03.2023

Brazil could supply up to 50% of Argentina's soybean consumption needs after the country's worst drought in 100 years. Argentina's total soybean imports are estimated at 10 million tons.

Grain Highlights 29.03.2023

Refinitiv Commodities Research has lowered its forecast for the production of soft wheat in the EU in 2023/24 by 1.7 million tons compared to the previous estimate to 132.2 million tons (126.7 in 2022/23).

Grain Highlights 28.03.2023

The Union of Grain Exporters of Russia set a minimum export price for wheat with 12.5% protein of 275 USD/ton FOB, below which it is not appropriate to export.

Grain Highlights 27.03.2023

According to a forecast of the Russian Grain Union, grain exports from Russia will reach 62 million tons in 2022/23, and 46 million tons have been exported so far.

Grain Highlights 24.03.2023

The Ministry of Agriculture of Russia may recommend that Russian farmers stop exporting wheat and sunseed oil given the low world prices. This news on Friday have led to the sharp increases on the grain markets around the world and a development on this is now expected.

Grain Highlights 23.03.2023

According to a forecast by SAFRAS&Mercado, corn exports from Brazil will be 40 million tons in 2022/23 (46.6 in 2021/22), and the decline is due to the regular extension of the Ukrainian grain corridor.

Grain Highlights 22.03.2023

Agroconsult raised its forecast for the 2022/23 soybean production in Brazil by 2 million tons to 155 million tons (+29.5 vs. 2021/22) despite the drought in Rio Grande do Sul, exports are projected at 96 million tons (78.7) and processing in the country is estimated at 53.9 million tons (+4.5).

Grain Highlights 21.03.2023

According to StoneX's forecast, in the current year the consumption of soyoil in Brazil will reach 8.5 million tons (+12% compared to 2022).

Grain Highlights 20.03.2023

In their March report, IGC analysts forecast a 2023/24 grain production in Russia of 124.3 million tons (138.2 in 2022/23). Grain exports will be 51 million tons (51.8).