Grain Highlights 12.10.2021

According to the forecast of APC - Inform, the export of barley from Russia will reach 3.5 million tons in 2021/22 (6.3 in 2020/21).

- SovEcon has lowered its forecast for the Russian wheat production in 2021 from 75.6 million tons to 75.5 million tons.

- According to the forecast of the Ministry of Agriculture of Great Britain, the wheat production in the country will reach 14.02 million tons in 2021/22, which is 45.2% more than in 2020.

- Yesterday, commodity funds in Chicago were net buyers of 3,000 contracts of corn and net sellers of 7,000 contracts of soybeans and 1,000 contracts of wheat.

- As of October 7, 2021, 10% of the planned soybean areas (6% for the week) have been sown in Brazil. As of October 8, 2021, corn was sown on 44.4% of the planned areas (+7.2%).

- According to the Australian Bureau of Statistics, 659,200 tons of barley were exported from Australia in August, which is 16% more than in July, including 70,330 tons of malting barley and 588,870 tons of feed barley. The main customers for malting barley were Mexico with 33,700 tons and Peru with 23,000 tons. The main customers for feed barley were Japan with 167,100 tons and Saudi Arabia with 142,000 tons.