Russia has resumed its participation in the grain deal. Written guarantees have been received from Ukraine that the corridor will not be used to carry out hostilities against Russia.
In October, wheat exports from Russia will reach 4.7 million tons, which is a record achievement for the month. Exports in the previous week are estimated at 1.3 million tons.
During the last days, precipitation has fallen in Argentina in the range of 30-100 l/sq.m. Good amounts of rain fell in the province of Buenos Aires, the southeastern parts of Córdoba and Santa Fe.
As of 24.10.2022, 3.6 million hectares of winter cereals were sown in Ukraine (76% of the forecast and 954,000 hectares for the last week), including 3.1 million hectares of wheat (79%) and 390,000 hectares of barley (58%).
The Buenos Aires Grain Exchange has once again reduced its forecast for the wheat production in Argentina to 15.2 million tons (16.5 in last week's forecast).
The Rosario Grain Exchange lowered its forecast for the 2022/23 wheat production in Argentina by 1.5 million tons to 15 million tons (-35% compared to 2021/22 or 22.4).
