Over the period of 01.07.2021 - 14.06.2022, 42.6 million tons of grain were exported from Russia, including 35.6 million tons of wheat according to the Russian Grain Union.
Rusagrotrans has lowered its forecast for the wheat production in Russia in 2022/23 by 0.3 million tons to 85.7 million tons due to the dry weather in the southern parts of the country.
The Rosario Grain Exchange has lowered its forecast for the wheat production in Argentina in 2021/22 to 18.5 million tons (19 million tons in the previous estimate).
The Odessa region of Ukraine is affected by severe drought. If it does not rain soon, the yields will decrease to 2 - 2.5 tons/hectare compared to over 4 tons/hectare in 2021/22.
The Russian government has unexpectedly released from quotas some fertilizers - nitrogen and potassium. Last week, it extended fertilizer export quotas until end of 2022, opening export window in June
