Grain Highlights

Grain Highlights 09.02.2023

Conab lowered their forecast for the 2022/233 corn production in Brazil by 1.3 million tons to 123.7 million tons, including first corn production of 26.5 million tons and second corn production of 95 million tons.

Grain Highlights 08.02.2023

According to Statistics Canada data, as of 31.12.2022, wheat stocks in Canada were 22,300 tons (+33% compared to the previous year), durum wheat stocks reached 3.7 million tons (+46%), barley stocks were 5.1 million tons (+61%), corn stocks were 11.8 million tons (+3%), rapeseed stocks were 11.4 million tons (+29%) and soybeans stocks were 3.7 million tons (+14%).

Grain Highlights 07.02.2023

According to AgRural data, as of 02/02/2023, the harvesting campaign of soybeans in Brazil was carried out on 9% of the areas (+4% for the week and 16% a year earlier).

Grain Highlights 06.02.2023

Egypt's state company GASC has bought 60,000 tons of corn from Ukraine at 323 USD/ton C&F (308 USD/ton FOB + 15 USD/ton freight) with delivery in March.

Grain Highlights 03.02.2023

Russian wheat export prices with February delivery fell by 3 USD/ton last week to 302 USD/ton due to strong supply.

Grain Highlights 02.02.2023

Given the unfavorable weather conditions in Russia, IKAR lowered its forecast for the 2023 wheat production from 87 million tons to 84 million tons.

Grain Highlights 01.02.2023

The Government of Russia introduces a quota for the export of grain from the country during the period 15.02.13.06.2023 in the amount of 25 million tons.

Grain Highlights 31.01.2023

Over the period of January 1-30, 4.39 million tons of grain were exported from Russia (+100% compared to last year), including wheat exports of 3.74 million tons (+120%), corn exports of 492,000 tons (+58%) and barley exports of 124,000 tons (102,000).

Grain Highlights 30.01.2023

Rusagrotrans has lowered its forecast for the wheat production in Russia in 2023 by 1 million tons to 81.5 million tons.