In Brazil, 61.1% of the production is transported by road, 20.7% by rail and 13.6% by barge. The cost of transportation from the central part of Moto Grosso to the port of Paranagua has been within the range of 1.74 - 1.92 USD/bushel until now.
Rusagrotrans has lowered its forecast for the grain production in Russia in 2023 to 125.4 million tons (127 in the previous estimate), including wheat production of 79.7 million tons (81.5).
Over the March-June period, the export of corn from Argentina will decrease by 40% to 8.7 million tons, according to the forecast of the Grain Exchange in Rosario.
As of February 16, 2023, 11.23 million hectares of grain crops were harvested in Ukraine, and 53.88 million tons of grain were harvested. Corn was harvested on 94% of the areas and 26.53 million tons of corn were harvested.
Algeria has bought 40,000 tons of milling wheat at a price of 338 USD/ton C&F most likely from Russia, Romania or Bulgaria with delivery within March-April.
Stratégie Grains forecast a soft wheat production in the EU in 2023/24 of 129.7 million tons (+0.4 compared to the previous estimate and 125.6 in 2021/22).
Conab lowered their forecast for the 2022/233 corn production in Brazil by 1.3 million tons to 123.7 million tons, including first corn production of 26.5 million tons and second corn production of 95 million tons.
