SovEcon have raised their forecast for wheat exports from Russia in 2022/23 to 43.7 million tons (+0.3) in connection with the current high export rate.
– SovEcon have raised their forecast for wheat exports from Russia in 2022/23 to 43.7 million tons (+0.3) in connection with the current high export rate. The export potential is estimated at 50 million tons.
– After the prolonged drought in France, the sunseed production estimate has fallen to 1.7 million tons (1.8 in the previous estimate).
– According to USDA data, 8% of the planned areas remain to be sown with winter wheat in the United States. 30% of crops are in good and excellent condition (45% a year earlier), 36% are in fair condition (33%) and 34% are in bad and very bad condition (22%). Soybeans have been harvested on 94% of the areas.
– Yesterday, Chicago commodity funds were net sellers of 4,000 contracts of corn, 4,500 contracts of soybeans and 1,500 contracts of wheat.
– According to Conab data, as of 11/05/2022, 58% of the planned areas were sown in Brazil (+10% for the week and 67% a year earlier). 43% of the areas (+3% and 54%) were sown with the first corn crop.
– In 2021/22, the largest supplier of barley to Saudi Arabia was Australia with a share of 68% of total imports (38% in 2020/21) followed by the EU with 14% (19%), Ukraine with 9% (5%) and Russia with 9% (39%).
– Indonesia is expected to import 350,000 tons of soybeans to supply domestic food producers.
– In 2022/23, the corn production in Bangladesh reached 4.8 million tons (-2% compared to 2021/22). In 2021/22, corn imports were 1.95 million tons (-20% compared to 2020/21), and in 2022/23 they are projected to reach 2.2 million tons.
– Iraq has announced a tender for the purchase of 50,000 tons of milling wheat from the United States. 150,000 tons of durum wheat were purchased at the previous tender.
SovEcon have raised their forecast for wheat exports from Russia in 2022/23 to 43.7 million tons (+0.3) in connection with the current high export rate.
– SovEcon have raised their forecast for wheat exports from Russia in 2022/23 to 43.7 million tons (+0.3) in connection with the current high export rate. The export potential is estimated at 50 million tons.
– After the prolonged drought in France, the sunseed production estimate has fallen to 1.7 million tons (1.8 in the previous estimate).
– According to USDA data, 8% of the planned areas remain to be sown with winter wheat in the United States. 30% of crops are in good and excellent condition (45% a year earlier), 36% are in fair condition (33%) and 34% are in bad and very bad condition (22%). Soybeans have been harvested on 94% of the areas.
– Yesterday, Chicago commodity funds were net sellers of 4,000 contracts of corn, 4,500 contracts of soybeans and 1,500 contracts of wheat.
– According to Conab data, as of 11/05/2022, 58% of the planned areas were sown in Brazil (+10% for the week and 67% a year earlier). 43% of the areas (+3% and 54%) were sown with the first corn crop.
– In 2021/22, the largest supplier of barley to Saudi Arabia was Australia with a share of 68% of total imports (38% in 2020/21) followed by the EU with 14% (19%), Ukraine with 9% (5%) and Russia with 9% (39%).
– Indonesia is expected to import 350,000 tons of soybeans to supply domestic food producers.
– In 2022/23, the corn production in Bangladesh reached 4.8 million tons (-2% compared to 2021/22). In 2021/22, corn imports were 1.95 million tons (-20% compared to 2020/21), and in 2022/23 they are projected to reach 2.2 million tons.
– Iraq has announced a tender for the purchase of 50,000 tons of milling wheat from the United States. 150,000 tons of durum wheat were purchased at the previous tender.
