Turkey is assisting the UN with increasing grain exports from Russia. The Turkish president has confirmed the possibility of Russian exports passing through Turkey.
Conab raised its forecast for the 2022/23 soybean production in Brazil by 2 million tons from the previous estimate to 152.4 million tons (125.5 in the previous season).
StoneX lowered its forecast for the 2022/23 corn production in the United States by 2.8 million tons from the previous estimate to 357 million tons (382.9 in 2021/22).
Over the July-September period, 13.67 million tons of grain were exported from Russia (17.5 in 2021/22), including 11.922 million tons of wheat (15.6).
The European Commission again reduced its forecast for the 2022/23 corn production in the EU by 3.8 million tons compared to the previous estimate to 55.5 million tons (72.7 in 2021/22)..
According to a forecast of the Buenos Aires Grain Exchange, the soybean production in Argentina will reach 48 million tons in 2022/23 (43.3 in 2021/22).
