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).
According to Deral, in the Brazilian state of Paraná (a key area for soybean production in the country), there is a significant deterioration in the condition of soybean crops in the absence of moisture.
According to USDA data, the condition of winter wheat in Kansas deteriorated in December. 33% of the winter wheat crops are good and excellent condition (62% at the end of November and 46% at the end of December 2020).
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.
In 80% of the corn areas in Brazil, there is a shortage of precipitation. Given this, the forecast for the first corn production (by local analysts) has been lowered from 29 million tons to 24 million tons.
