As of 11/16/2022, 45% of wheat crops in Argentina were in good and excellent condition (43% a week earlier and 92% a year earlier). Precipitation is the basis of the increase.
The USA, EU and Great Britain have limited sanctions on Russian entities in order to ease the export of agricultural products and fertilizers. The relief will affect banks, insurers, carriers and others.
Saudi Arabia has bought 1 million tons of wheat (protein 12.5%) of any origin at an average price of 382.65 USD/ton and delivery within April-June 2023.
The Rosario Grain Exchange again lowered its forecast for the 2022/23 wheat production in Argentina to 11.8 million tons (-1.9 compared to the previous estimate).
The Ministry of Agriculture of France again lowered its forecast for the corn production in the country in 2022/23 by 0.4 million tons to 10.7 million tons (-4.5 compared to 2021/22).
SovEcon have raised their forecast for wheat exports from Russia in 2022/23 to 43.7 million tons (+0.3) in connection with the current high export rate.
