According to the Buenos Aires Grain Exchange, the corn harvesting campaign has begun in Argentina. As of 03.03.2021, 120,300 hectares out of a total of 6.3 million hectares have been harvested. 752,000 tons of corn have been harvested at an average yield of 6.26 tons/hectare.
The Ministry of Agriculture of Ukraine projects the new total grain production in 2021 at 75 million tons compared to the current record of 75.1 million tons achieved back in 2019.
According to the FAS USDA forecast, in 2020/21 the soybean production in Argentina will reach 47.5 million tons, which is 2.5 million tons less than the previous estimate and 0.5 million tons less than the official forecast of the USDA.
Over the previous week, the prices of Australian premium white wheat in Southeast Asia were quoted at 318 - 320 USD/ton C&F compared to 310 USD/ton a few weeks earlier.
According to the forecast of TF Agroeconomica, due to the delay in the sowing campaign of second corn crop in Brazil, the areas with winter wheat 2021 will increase.
