According to Conab, as of 19.02.2022, the sowing campaign of the second corn crop in Brazil was carried out on 46% of the planned areas (+11% for the week and 20% a year earlier).
According to the forecast of Oil World, the world's soybean stocks will reach 83.2 million tons in 2021/22 (the lowest level for the last 6 years), which will be 16 million tons below the previous season.
According to market data, Indian importers have bought a record 100,000 tons of soyoil from the United States given the limited supply from South America and high palm oil prices.
According to Chinese analysts, China could reduce domestic consumption of soybeans by about 30 million tons by further reducing its consumption in feed.
The record feed wheat productions in Australia and India will compensate for the reduction in the supply of corn from South America to Asian countries.
Conab has lowered its forecast for the soybean production in Brazil in 2021/22 by 15 million tons compared to the previous estimate (140.7) to 125.4 million tons.
