According to updated information, Algeria has purchased 800,000 tons of milling wheat from Russia, Argentina, Germany and Poland at prices within 382.50 - 384.00 USD/ton and delivery over the period of 16.12.2021 - 31.01.2022.
Last week, Chinese buyers bought 300,000 - 700,000 tons of corn from Ukraine at a price of 330 - 335 USD/ton C&F and delivery over January - March 2022.
Authorities in Algeria have taken an important step in lowering grain quality requirements (increased percentage of damaged seeds by insects), which will allow Russian wheat to participate.
According to data from the European Commission, 9.78 million tons of milling wheat have been exported from the EU since the beginning of the current season (01.07 - 07.11.2021), which is 15% more than the previous year - 8.47 million tons.
According to a preliminary estimate of the USDA, wheat areas in the United States will reach 19.8 million hectares in 2022/23, which is 5% more than 2021/22.
According to the forecast of Safras & Mercado, the soybean production in Brazil will reach 144.7 million tons in 2021/22 (142.2 in the previous estimate and 137.3 in 2020/21).
According to data from the Buenos Aires Grain Exchange, last week's rainfall in Argentina has accelerated the sowing campaign of the new 2021/22 corn crop.
