According to Oil World's forecast, global biodiesel production will increase by 2.1 million tons to 48.86 million tons in 2021 due to growth in production in the United States, Indonesia, China and Brazil.
AgRural lowered its forecast for the second corn crop in Brazil by 5 million tons to 60 million tons, which is 17 million tons less than the initial estimate for the season.
Over the previous week, CBOT SRW wheat futures prices have fallen sharply and soybean futures prices have risen. In Paris, wheat, corn and rapeseed futures prices fell.
