Grain Highlights 21.12.2021

- According to the forecast of SovEcon, the wheat production in Russia will reach 81.3 million tons in 2022 (80.7 million tons in the previous estimate).

- According to the forecast of SovEcon, the wheat production in Russia will reach 81.3 million tons in 2022 (80.7 million tons in the previous estimate). The condition of wheat crops is good. The condition of wheat crops in the southern and central regions of Ukraine is similar. Areas with winter crops decreased by 0.9 million hectares to 18.4 million hectares.

- As of December 1, 2021, the stocks of cereals in Ukraine reached 33.4 million tons (23.1 million tons a year earlier).

- Yesterday, commodity funds in Chicago were net buyers of 3,500 soybeans and 1,000 wheat contracts and net sellers of 2,500 corn contracts.

- According to Conab data, as of December 18, 2021, 97.2% of the planned soybean areas in Brazil have been sown (+0.6% for the week and 90% in the previous year).

- In 2021, the grain production in China reached 682.85 million tons. The corn production reached 272.55 million tons (+11.9 compared to 2020) and the wheat production reached 136.95 million tons (+2). The rich grain production in the country helps to stabilize world's grain prices.

- Jordan has announced a tender for the purchase of 120,000 tons of durum wheat of any origin and delivery within June - August.

- Turkey bought 320,000 tons of wheat at an average price of 359.13 USD/ton C&F and delivery in February.