Wheat stocks in the state warehouses of India at the beginning of December reached the lowest level for the last 6 years – 19 million tons (37.85 a year earlier).
According to data from the Ministry of Industry of Brazil, over the period of December 1-11, the country's corn exports reached 1.5 million tons, with a forecast for the entire month of 5.4 million tons.
The state company of Egypt GASC has purchased through direct negotiations 260,00 tons of Russian wheat with delivery within 25.12 - 28.02.2022 at an average price of 354 USD/ton C&F (361 on the previous purchase).
The Buenos Aires Grain Exchange reports that as of 07.12.2022, only 37.1% of the planned soybean areas have been sown in Argentina (+8% for the week and -20% compared to 2021).
In 2022/23, wheat exports from Argentina will reach 6.5 million tons, which is the lowest result for the last 8 years, according to the forecast of the Rosario Grain Exchange.
StoneX again raises its forecast for the 2022/23 soybean production in Brazil by 0.7 million tons to 155 million tons, which is 29.5 million tons more than the previous year.
