IHS Markit has lowered its forecast for corn areas in the United States in 2022 by 70,000 acres compared to January to 91.4 million acres, which is 1.9 million acres below the level of 2021.
According to the latest forecast of the Buenos Aires Grain Exchange, the corn production in Argentina will reach 49 million tons in 2022, which is 6 million tons less than in 2021. The corn production estimate was 51 million tons in February.
In March, wheat exports from Russia will reach 2 million tons, according to ICAR. Over the period of 15.02 - 30.06.2022, the export quota reaches 11 million tons.
According to COCERAL's forecast, the EU's grain production will reach 282.62 million tons in 2022 (281.22 in the previous estimate and 284.88 in 2021).
According to data from SEA, as of March 1, 2022, vegetable oils stocks in Indian ports reached 490,000 tons, which is the lowest level since April 2021, when they were 463.00 tons.
