Grain Highlights 20.10.2022

IKAR expects a 2022/23 sunseed production in Russia of 16.35 million tons (-0.6 compared to the previous estimate and 15.65 in 2021/22).

- IKAR expects a 2022/23 sunseed production in Russia of 16.35 million tons (-0.6 compared to the previous estimate and 15.65 in 2021/22). In a worse scenario, sunseed production may reach 14-15 million tons.

- For the period of operation of the grain corridor (01.08 – 20.10.2022), 8 million tons of agricultural products were exported from Ukraine with 362 ships.

- Yesterday, Chicago commodity funds were net sellers of 4,000 contracts of corn and 3,000 contracts of wheat and were neutral on soybeans.

- According to Cereles' forecast, the soybean production in South America will be 217.2 million tons in 2022/23, with the increase mainly due to the production in Brazil.

- According to S&M's forecast, wheat production in Argentina will reach 16.01 million tons in 2022/23, which is 26% less than 2021/22.

- Saudi Arabia has announced a tender for the purchase of 535,000 tons of wheat with delivery within 03/01 – 04/25/2023.

- Pakistan will hold a tender for the purchase of 500,000 tons of milling wheat with delivery within 11/13 – 12/20/2022.