Refinitiv Commodities Research has increased its forecast for corn production in Argentina for the 2023/24 season by 2% to 55.4 million tons, covering an area of 8.2 million hectares.
Refinitiv Commodities Research is reducing its forecast for the 2023/24 corn production in Brazil by 1% to 118 million tons, which is 14 million tons less than in 2022/23.
During the period from December 1 to 25, Russia's grain exports amounted to 3.1 million tons, showing a decrease of 27.5% compared to the same period of the previous year. This includes 2.605 million tons of wheat (a decrease of 31%), 150,000 tons of barley (a decrease of 7.5%), and 362,000 tons of corn (an increase of 2.4%).
According to data from the Grain Exchange in Buenos Aires as of December 20, 2023, in Argentina, 59% of the planned corn areas for the first corn crop have been planted (+10% for the week and 52% more than the previous year).
The authorities in Bulgaria have initiated a procedure to coordinate import licenses for the import of sunflower seeds from Ukraine. The delivery contracts are for the period of January to February.
