Grain Highlights 07.08.2021

According to the latest forecast of ProZerno, the grain production in Russia in 2021 will be 123.3 million tons in 2021, including wheat production of 77.1 million tons, barley production of 18.9 million tons and a corn production of 14.6 million tons.

- According to Rusagrotrans' forecast, 4.3 million tons of grain will be exported from Russia in August, including 3.7 million tons of wheat. In August 2020, grain exports were 5.7 million tons and wheat exports reached 4.9 million tons.

- In the week of August 11-17, the export tax on wheat from Russia will be 31 USD/ton at 31.4 USD/ton a week earlier. The export tax on barley will be 27 USD/ton (38.5) and the export tax on corn will be unchanged at 49.6 USD/ton.

- According to the latest forecast of ProZerno, the grain production in Russia in 2021 will be 123.3 million tons in 2021, including wheat production of 77.1 million tons, barley production of 18.9 million tons and a corn production of 14.6 million tons. The decline in the production will be 7.8% compared to 2020, but +17% higher compared to the average long-term level.

- According to the forecast of APC - Inform, the soybean production in Ukraine will be 3.7 million tons in 2021, which is 19% more than in 2020.

- The European Commission estimates the oilseed production in the EU in 2021 at 30.6 million tons, which is 11% more than the previous year. The rapeseed production is projected at 16.9 million, sunseed production is expected at 10.8 million tons (+25%) and the soybean production is estimated at 2.9 million tons.

- Yesterday, commodity funds in Chicago were net buyers of 6,500 contracts of corn and 1,500 contracts of soybeans and net sellers of 2,000 contracts of wheat.

- According to data from the Buenos Aires Grain Exchange, as of 04.08.2021, 99.7% of the planned wheat areas in Argentina are sown - 6.48 million hectares. 48% of the crops are in good and excellent condition (55% a week earlier). Corn was harvested on 89% of the area and 43.1 million tons of corn were harvested.

- Tunisia has announced a tender for the purchase of 100,000 tons of milling wheat of any origin and 100,000 tons of feed barley.

- According to Oil World, soybean exports from the largest exporters reached 10.24 million tons in July (-2.2 million tons in June and -3 million tons in July 2020). Brazil exported 8.66 million tons of soybeans (-2.4 and 9.96), the United States exported 0.9 million tons (-1.35) and Argentina exported 0.68 million tons (-0.38). 5.79 million tons of soybeans were delivered to China from Brazil (7.48 and 7.05), 0.44 million tons from Argentina (0.82 and 0.26) and 0.3 million tons from the United States (0.45 and 0.3).