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Grain Highlights 27.07.2023

According to data from Conab as of July 22, 2023, the second corn production in Brazil has been harvested on 48% of the areas (+9% for the week).

Grain Highlights 26.07.2023

The European Commission has stated that the EU will provide assistance for the export of the entire possible quantity of Ukrainian grain during 2023/24. A monthly export of 4 million tons of grain is required.

Grain Highlights 25.07.2023

Authorities in India have imposed a ban on the export of white rice starting from July 20, 2023. Since India holds 40% of the world's rice exports, any policy change there leads to price fluctuations.

Grain Highlights 24.07.2023

Rusagrotrans forecasts a record wheat export from Russia in July, ranging from 4.1 to 4.2 million tons (the previous best result was 4 million tons in 2018).

Grain Highlights 23.07.2023

IKAR predicts that the 2023/24 production of oilseeds in Russia will reach 27.5 million tons (compared to 29.1 million tons in 2022/23).

Grain Highlights 20.07.2023

According to IKAR's forecast, the total grain production in Russia will be 134.5 million tons in 2023, including wheat production of 86.5 million tons (86 in the previous estimate).

Grain Highlights 19.07.2023

Ukraine proposed to the UN and all interested parties to change the route of ships carrying grain from Ukrainian ports through the territorial waters of Romania and Bulgaria to Turkey.

Grain Highlights 18.07.2023

According to Safras&Mercado's forecast for 2023/24, the corn areas in Brazil will be 22 million hectares (22.2 in 2022/23), including a first corn crop areas of 4.1 million hectares (4.2) and a second corn crop areas of 15.4 million hectares (15.5).

Grain Highlights 17.07.2023

During the period from September to December 2023, soybean imports to China from Brazil may increase due to high prices of soyoil in the US, and consequently, the prices of soybeans.

Grain Highlights 14.07.2023

In their July report, Conab analysts lowered their forecast for Brazil's 2023/24 soybean production by 1.2 million tons to 154.6 million tons (125.5 in 2022/23).