Yesterday, CBOT SRW wheat futures prices rose significantly, while corn and soybean futures prices fell sharply. In Paris, wheat, corn and rapeseed futures prices increased.
As of July 14, 2021, 4.3 million hectares of cereals have been harvested in Russia. 14.9 million tons of grain were harvested at an average yield of 3.45 tons/hectare (3.27 tons/hectare in 2020).
Yesterday, CBOT SRW wheat, corn and soybean futures prices rose significantly. In Paris, wheat and corn futures prices increased and rapeseed prices fell.
According to the forecast of APC - Inform, the grain production in Russia will reach 126.8 million tons in 2021/22 (+1% compared to June and 133.5 million tons in 2020/21).
In their July report, analysts from the USDA lowered the forecast for world's wheat production in 2021/22 to 792.4 million tons (794.4 million tons in June and 775.8 million tons in 2020/21).
In their July report, analysts from the USDA raised their forecast for the world's corn production in 2021/22 to 1.194 million tons (1.189 million tons in the June estimate and 1.120 million tons in 2020/21).
In their July report, USDA analysts increased the world's ending soybean stocks in 2021/22 to 94.5 million tons from 92.5 million tons in the June forecast and 91.5 million tons in 2020/21.
