Grain Highlights 19.08.2022

20 Aug, 2022
Grain Highlights 19.08.2022
As of August 18, 2022, 6.1 million hectares of grain crops were harvested in Ukraine (55% of the area), 23.4 million tons of grain were harvested with an average yield of 3.82 tons/hectare.

- In the week starting on 24.08.2022, the export tax on Russian wheat will be 4,794.7 rubles/ton (5,018.1 a week earlier). The export tax on barley will be 3,092.1 rubles/ton (3,034) and the export tax on corn will be 3,862.4 rubles/ton (3,705.8).

- According to the data of APC - Inform, over the period of 01.07 - 15.08.202, 2.65 million tons of cereals were exported from Ukraine, including 658,000 tons of wheat, 226,000 tons of barley, 1.75 million tons of corn and 4,900 tons of wheat flour.

- As of August 18, 2022, 6.1 million hectares of grain crops were harvested in Ukraine (55% of the area), 23.4 million tons of grain were harvested with an average yield of 3.82 tons/hectare. Wheat was harvested on an area of ​​4.3 million hectares (91%), 17.4 million tons of wheat were harvested with an average yield of 4.04 tons/hectare. Barley has been harvested on 1.5 million hectares (96%), 5.3 million tons of barley were harvested with an average yield of 3.45 tons/hectare. Winter rapeseed was harvested on 1.007 million hectares (98%), 3.1 million tons of rapeseed were harvested with an average yield of 2.84 tons/hectare.

- According to FranceAgriMer data, as of 15/08/2022, only 50% of corn crops in France were in good and excellent condition (-3% for the week and 91% a year earlier), which is the lowest level since 2011 .

- The Buenos Aires Grain Exchange has raised its forecast for Argentina's 2021/22 corn production by 6% to 52 million tons. 97.9% of the areas have been harvested. Areas with 2022/23 wheat crop will reach 6.1 million hectares.

- In their August report, IGC analysts lowered their forecast for the 2022/23 world corn production crop to 1.178 million tons (1.188 in the previous estimate and 1.218 in 2021/22). Corn production will reach 59.6 million tons in the EU (68.3 and 70.3), 364.7 million tons in the United States (368.4 and 383.9) and 27.7 million tons in Ukraine (25.1 and 42.1). The world export of corn will be 173.3 million tons (169.3 and 179.1), including 15.5 million tons from Ukraine (12 and 23.5) and 60.3 million tons from the United States (61 and 64). World's ending corn stocks will be 264.7 million tons (271.3 and 282.8), including 7.6 million tons in Brazil (8.5 and 6.2), 2.1 million tons in South Africa (2.3 and 1.8), 8.4 million tons in Ukraine (9.3 and 6.9) and 34.3 million tons in the United States (37.2 and 37.1).

- In their August report, IGC analysts raised their forecast for the 2022/23 world wheat production to 778 million tons (770.2 in the previous estimate and 781 in 2021/22). Australia's wheat production will be 31 million tons (30.6 and 36.3). Wheat production will reach 33 million tons in Canada (32.4 and 21.7), 13.7 million tons in Kazakhstan (13.2 and 11.8), 87.6 million tons in Russia (85.2 and 75), 48.5 million tons in the United States (48 and 44.8) and 138 million tons in China (135 and 136.9). The world export of wheat will be 192.8 million tons (193.9 and 196.7), including 13 million tons from Argentina (14 and 15.5), 24.2 million tons from Australia (24.7 and 26.5), 37.4 million tons from the EU (39.4 and 31.9), 36.6 million tons from Russia (37.6 and 33.1), 8.3 million tons from Kazakhstan ( 7.8 and 8.2), 13 million tons from Ukraine (10 and 18.9) and 22.3 million tons from the US (22 and 22.1). The world's ending wheat stocks in 2022/23 are projected to reach 274.9 million tons (272.2 and 279.6), including 4.7 million tons in Canada (4.3 and 3.7), 17.3 million tons in Russia (14.6 and 11.3), 16.7 million tons in the US (16.5 and 18), 137.5 million tons in China (135.5 and 133.3), 5.9 million tons in Ukraine ( 8.2 and 7.2), 15.2 million tons in India (17.2 and 19.5), 11.4 million tons in the EU (11.7 and 17) and 4.7 million tons in Canada (4.3 and 3.7).