Grain Highlights 16.03.2022

According to COCERAL's forecast, the EU's grain production will reach 282.62 million tons in 2022 (281.22 in the previous estimate and 284.88 in 2021).

- According to COCERAL's forecast, the EU's oilseed production will reach 30.72 million tons in 2022 (31.41 in the previous estimate and 30.87 in 2021). The sunseed production is projected at 9.99 million tons (10.67), including 2.52 million tons in Romania (2.9). The rapeseed production is expected to reach 17.67 million tons (17.15).

- According to COCERAL's forecast, the EU's grain production will reach 282.62 million tons in 2022 (281.22 in the previous estimate and 284.88 in 2021). The wheat production is estimated at 126.89 million tons (129.06), including 34.51 million tons in France (35.42) and 22.07 million tons in Germany (21.41). The corn production is expected to reach 67.24 million tons (67.20).

- According to Conab data, as of 12.03.2022, 63% of the soybean areas have been harvested in Brazil (+11% for the week 49% a year earlier). The harvesting campaign of corn from the first crop was carried out on 34% of the areas (+8% and 33%). 87% of the planned areas (+12% and 72%) have been sown with the second corn crop.

- According to Safras & Mercado, as of March 14, 2022, 24.8% of the second corn production of 2022, which is projected to reach 83.34 million tons, was sold in Brazil (35.7% a year earlier and 19.1% average for the last five years).

- The South Korean company MFG purchased 201,000 tons of corn of any origin at prices within 412.5 - 413.9 USD/ton C&F and delivery over May - June.