In January, soybean exports from Brazil are expected to reach 1.3 million tons (940,000 tons the previous year) according to Anec's forecast. There are possibilities that exports could increase to 2.7 million tons.
According to data from Oil World, in the fourth quarter of 2023, rapeseed processing in the EU reached 6.38 million tons (6.41 million tons the previous year).
Refinitiv Commodities Research has increased its forecast for corn production in Argentina for the 2023/24 season by 2% to 55.4 million tons, covering an area of 8.2 million hectares.
Refinitiv Commodities Research is reducing its forecast for the 2023/24 corn production in Brazil by 1% to 118 million tons, which is 14 million tons less than in 2022/23.
During the period from December 1 to 25, Russia's grain exports amounted to 3.1 million tons, showing a decrease of 27.5% compared to the same period of the previous year. This includes 2.605 million tons of wheat (a decrease of 31%), 150,000 tons of barley (a decrease of 7.5%), and 362,000 tons of corn (an increase of 2.4%).
According to data from the Grain Exchange in Buenos Aires as of December 20, 2023, in Argentina, 59% of the planned corn areas for the first corn crop have been planted (+10% for the week and 52% more than the previous year).
The authorities in Bulgaria have initiated a procedure to coordinate import licenses for the import of sunflower seeds from Ukraine. The delivery contracts are for the period of January to February.
