The damage from Hurricane Ida in the United States will affect global supplies of cereals and oilseeds from the United States for at least a month. Over the next month, the prices on the Chicago Board of Trade will differ significantly from those of other major exporters.
The National Energy Policy Council of Brazil has approved a reduction in the content of the biocomponent in biodiesel from 13% to 10% given the strong rise in the price of soyoil.
According to the StoneX Group forecast, corn exports from Brazil will reach 18 million tons in 2021 (-1 compared to the previous estimate and 30 million tons in 2020).
In their August forecast, StatsCan lowered its estimate for the wheat production in Canada to 22.9 million tons in 2021/22, which is 34.8% less than 2020/21 (35.2 million tons) and is the lowest level for the last 14 years.
According to the Ministry of Agriculture of Ukraine, the wheat production in the country will reach a record 31.2 million tons in 2021 compared to 24.9 million tons in 2020 and an estimate of 28.8 million tons made in August.
Agriculture and Agri-Food Canada project the wheat production in Canada at 20.2 million tons in 2021/22 (-11.2 million tons compared to the previous estimate and 35.2 million tons in 2020/21), which is the lowest of all latest forecasts.
In 2021/22, soybean areas in South American countries will reach 62.5 million hectares (60.45 in 2020/21), which will allow Mercosur countries to end up with a soybean production of almost 208 million tons, according to an analysis by Céleres.
