According to Conab data, as of January 15, 2022, 94% of the areas planned for the first corn production were sown in Brazil (+2% for the week and 95% a year earlier).
In their January report, analysts from Strategie Grains lowered their forecast for the EU wheat production in 2022/23 by 1 million tons to 127.7 million tons (129.8 in 2021/22).
Over the week of January 12-18, the export tax on wheat from Russia will be 98.2 USD/ton, which is calculated at a wheat price of 340.4 USD/ton. This will probably be the highest tax for this season.
According to official data from China, the corn production in the country was 273 million tons in 2021, which is 12% more than in 2020. In the first 10 months of 2021, corn imports in the country totalled 26 million tons (7.8 years earlier).
