Rusagrotrans has lowered its forecast for the wheat production in Russia in 2022/23 by 0.3 million tons to 85.7 million tons due to the dry weather in the southern parts of the country.
The Rosario Grain Exchange has lowered its forecast for the wheat production in Argentina in 2021/22 to 18.5 million tons (19 million tons in the previous estimate).
The Odessa region of Ukraine is affected by severe drought. If it does not rain soon, the yields will decrease to 2 - 2.5 tons/hectare compared to over 4 tons/hectare in 2021/22.
The Russian government has unexpectedly released from quotas some fertilizers - nitrogen and potassium. Last week, it extended fertilizer export quotas until end of 2022, opening export window in June
According to the forecast of the Ukrainian Grain Association, the grain production in Ukraine will reach 66.5 million tons in 2022 obtained from 18.8 million hectares.
