In 2021/22, soybean areas in South American countries will reach 62.5 million hectares (60.45 in 2020/21), which will allow Mercosur countries to end up with a soybean production of almost 208 million tons, according to an analysis by Céleres.
According to Agritel's latest forecast, the wheat production in France will reach 34.93 million tons in 2021 (29.18 in 2020 and previous estimates for 2021 of over 38).
In their August report, MARS analysts lowered the forecast for the average soft wheat yield in the EU to 5.98 tons/hectare (6.05 in the previous estimate, +4.8% compared to 2020 and +5% compared to the average for the last five years).
Yesterday, CBOT SRW wheat and soybean futures prices rose and Chicago corn futures prices fell. In Paris, wheat and rapeseed futures prices increased and corn futures prices dropped.
According to data, as of August 23, 2021, 99.9 million hectares of cereals were harvested in Russia, 84.7 million tons of grain were harvested at an average yield of 2.83 tons/hectare.
As of 16.08.2021, 98.5% of the wheat areas have been harvested in Romania. 11.3 million tons of wheat were harvested (6.3 million tons in 2020) at an average yield of 5.35 tons/hectare (2.99).
Yesterday, CBOT SRW wheat and corn futures prices rose minimally and Chicago soybean futures prices fell moderately. In Paris, wheat and corn futures prices rose sharply and rapeseed futures prices fell.
