Yesterday, CBOT SRW wheat futures prices rose significantly and Chicago corn and soybean futures prices rose slightly. In Paris, wheat, corn and rapeseed futures prices increased significantly.
According to Rusagrotrans forecast, grain exports from Russia will reach 4.6 - 5 million tons in August compared to 2.3 - 2.4 million tons in July and 5.74 million tons in August 2020.
On July 26, 2021, the Argentine government declared a state of emergency due to the extremely low level of the main waterway in the country - the Parana River. The level is at a 77-year low.
Yesterday, CBOT SRW wheat, corn and soybeans futures prices fell sharply. In Paris, the prices of the new wheat and corn crops fell, while rapeseed futures prices rose.
In their July report, analysts from Agriculture and Agri-Food Canada lowered their forecast for the wheat production in Canada in 2021 by 0.3 million tons to 31.4 million tons (35.2 million tons in 2020).
