According to the forecast of the Buenos Aires Grain Exchange, corn areas in Argentina will increase to 7.7 million hectares in 2021/22 (eight years of continuous growth) while in 2020/21 they were 6.6 million hectares.
According to the forecast of APC - Inform, the sunseed production in Russia will reach 15.2 million tons in 2021 (-9% compared to the previous estimate and +13% compared to 2020).
The damage from Hurricane Ida in the United States will affect global supplies of cereals and oilseeds from the United States for at least a month. Over the next month, the prices on the Chicago Board of Trade will differ significantly from those of other major exporters.
The National Energy Policy Council of Brazil has approved a reduction in the content of the biocomponent in biodiesel from 13% to 10% given the strong rise in the price of soyoil.
According to the StoneX Group forecast, corn exports from Brazil will reach 18 million tons in 2021 (-1 compared to the previous estimate and 30 million tons in 2020).
