In their September report, Oil World raised their forecast for the soybean production in South America for 2021/22 by 1.1 million tons to 207.3 million tons, which is 12 million tons more than 2020/21.
According to the forecast of the Association of Corn Producers in Brazil, the first corn production in the country will reach 32 million tons in 2021/22, which is 7 million tons more than the previous year.
Exports of barley and corn from Ukraine are significantly higher than last year. According to APK-Inform, the price of sunseed in Ukraine is rapidly rising.
According to the forecast of the Buenos Aires Grain Exchange, corn areas in Argentina will increase to 7.7 million hectares in 2021/22 (eight years of continuous growth) while in 2020/21 they were 6.6 million hectares.
According to the forecast of APC - Inform, the sunseed production in Russia will reach 15.2 million tons in 2021 (-9% compared to the previous estimate and +13% compared to 2020).
The damage from Hurricane Ida in the United States will affect global supplies of cereals and oilseeds from the United States for at least a month. Over the next month, the prices on the Chicago Board of Trade will differ significantly from those of other major exporters.
