MARS forecasts that the wheat production in Russia for 2023 will reach 86.7 million tons (compared to 103.9 million tons in 2022). Barley production is projected at 20.4 million tons (22.9), and corn production is estimated at 15.2 million tons (15.1).
The Romanian government is considering measures that would give local farmers preferential access to the port of Constanta, which would make it more difficult to export Ukrainian production.
SovEcon lowered its forecast for the 2023/24 grain production in Russia by 2.3 million tons to 134 million tons, including wheat production of 86.8 million tons (88), barley production of 19.9 million tons (20.8) and corn production of 14.6 million tons (14.8).
The Rosaro Grain Exchange lowered its forecast for the 2022/23 soybean production in Argentina by 1 million tons to 20.5 million tons. The harvesting campaign is coming to an end.
