According to the FAS USDA forecast, in 2020/21 the soybean production in Argentina will reach 47.5 million tons, which is 2.5 million tons less than the previous estimate and 0.5 million tons less than the official forecast of the USDA.
Over the previous week, the prices of Australian premium white wheat in Southeast Asia were quoted at 318 - 320 USD/ton C&F compared to 310 USD/ton a few weeks earlier.
According to the forecast of TF Agroeconomica, due to the delay in the sowing campaign of second corn crop in Brazil, the areas with winter wheat 2021 will increase.
Over the week, export prices of crude sunseed oil from Ukraine rose by 65 - 70 USD/ton, given rumors that Russia will limit exports of the product. At the same time, demand for exports remained rather weak.
According to the forecast of Agriculture and Agri-Food Canada, wheat production in Canada will reach 32.7 million tons in 2021/22, which is 1 million tons less than the previous estimate. Wheat production was 35.2 million tons in 2020/21.
