Stratégie Grains forecast a soft wheat production in the EU in 2023/24 of 129.7 million tons (+0.4 compared to the previous estimate and 125.6 in 2021/22).
Conab lowered their forecast for the 2022/233 corn production in Brazil by 1.3 million tons to 123.7 million tons, including first corn production of 26.5 million tons and second corn production of 95 million tons.
According to Statistics Canada data, as of 31.12.2022, wheat stocks in Canada were 22,300 tons (+33% compared to the previous year), durum wheat stocks reached 3.7 million tons (+46%), barley stocks were 5.1 million tons (+61%), corn stocks were 11.8 million tons (+3%), rapeseed stocks were 11.4 million tons (+29%) and soybeans stocks were 3.7 million tons (+14%).
According to AgRural data, as of 02/02/2023, the harvesting campaign of soybeans in Brazil was carried out on 9% of the areas (+4% for the week and 16% a year earlier).
Egypt's state company GASC has bought 60,000 tons of corn from Ukraine at 323 USD/ton C&F (308 USD/ton FOB + 15 USD/ton freight) with delivery in March.
The Government of Russia introduces a quota for the export of grain from the country during the period 15.02.13.06.2023 in the amount of 25 million tons.
Over the period of January 1-30, 4.39 million tons of grain were exported from Russia (+100% compared to last year), including wheat exports of 3.74 million tons (+120%), corn exports of 492,000 tons (+58%) and barley exports of 124,000 tons (102,000).
