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.
Yesterday, CBOT SRW wheat, corn and soybeans futures prices rose significantly. In Paris, wheat and rapeseed futures prices have also increased significantly. Corn futures prices rose minimally.
In 2021, the average soft wheat yield in France will increase to 7.4 tons/hectare, which is 8% more than the previous year and 4% more than the average for the last 10 years, according to Aryalis.
Yesterday, CBOT SRW wheat, corn and soybean futures prices fell moderately. In Paris, wheat prices remained stable. The prices of corn from the new crop have increased and rapeseed futures prices have risen sharply.
