According to USDA data, as of 01.03.2021, #wheat stocks in the US were 35.7 million tons, which is +3.3% more than expected and 7.2% less than 01.03.2020.
During the week of March 22-28, 180,780 tons of grains were exported from the Russian port of Novorossiysk, which is 4.1 times more than the previous week and 38% less than the previous year.
According to IHS Markit Agribusiness, corn areas in the United States will reach 38.2 million hectares in 2021/22, which is 1.4 million hectares more than the previous year.
Forward sales of the new corn crop in Ukraine reach 2.5 - 3 million tons, which is well above last year's level. The main reason for this is the high corn prices of 200+ USD/ton.
