Grain Highlights 14.09.2021

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).

- According to UkrAgroConsult, the wheat production in Bulgaria will reach 7.159 million tons in 2021 with an average yield of 5.95 tons/hectare. Barley production is estimated at 698,000 tons (5.36).

- As of September 13, 2021, 356,000 hectares of cereals have been sown in Ukraine. 7.84 million hectares are planned for sowing. 331,000 hectares were sown with wheat (6.68), 10,000 hectares were sown with barley (1.02) and 775,000 hectares were sown with winter oilseed rape (1.03) .

- The Ministry of Agriculture of France has lowered its forecast for the soft wheat production in the country in 2021 to 36.06 million tons (36.69). The corn production is projected at 13.03 million tonnes (12.88).

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

- Turkey has announced a tender for the purchase of 260,000 tons of barley with delivery in October. On September 7, 2021, 245,000 tons of barley were purchased.

- According to data from Safras & Mercado, 16.7% of the planned areas for the first corn crop were sown in Brazil as of 10.09.2021, which is 4.38 million hectares (+4.9% for the week).