Grain Highlights 30.12.2021

30 Dec, 2021
Grain Highlights 30.12.2021
According to the forecast of Soybean & Corn Advisor, the corn production in Argentina will be 52 million tons in 2021/22, which is 1 million tons less than the previous estimate.

- According to IKAR's forecast, wheat exports from Russia will be 33 million tons in 2021/22. In December, exports will be 3.5 million tons and exports in January are expected to be over 2 million tons. Rusagrotrans forecasts wheat exports in January of 2.3 - 2.4 million tons compared to 3.45 million tons in January 2020 and 1.9 million tons in January 2019. 97% of the winter crops or 17.8 million hectares are in good and excellent condition (14.9 years earlier).

- Yesterday, commodity funds in Chicago were net buyers of 500 contracts of corn, 250 contracts of soybeans and 500 contracts of wheat.

- According to Conab, as of December 25, 2021, 98% of the planned soybean areas for 2021/22 have been sown in Brazil. Total soybean areas are projected to reach 40.35 million hectares (+3.7% compared to 2020/21). 88% of the planned corn areas (+3% per week) have been sown.

- According to Anec, 2.78 million tons of soybeans were exported from Brazil in December (2.15 tons in November and 161,000 tons in December 2020). Corn exports will be 3.45 million tons (2.67 and 3.82).

- According to the forecast of Soybean & Corn Advisor, the corn production in Argentina will be 52 million tons in 2021/22, which is 1 million tons less than the previous estimate. As of December 25, 2021, the sowing campaign of corn in the country has been carried out on 60.2% of the planned areas. 76% of the crops are in good and excellent condition (-7% for the week), 23% are in fair condition and 1% are in poor. The soybean production is estimated at 48 million tons (-1). The sowing campaign of soybeans was carried out at 73.3% of the planned areas. 71% of the crops are in good and excellent condition (-16%), 26% in fair and 3% in poor condition.

- According to data from the Statistical Institute of Turkey, grain production in the country reached 31.9 million tons in 2021, which is 14.3% less than the previous year. Wheat production was 17.7 million tons (-13.9%), barley production reached 5.8 million tons (-30.7) and corn production reached 6.8 million tons (+3.8%).