According to data from Safras & Mercado, as of 13.08.2021, the second corn production in Brazil has been harvested on 72.7% of the areas, which reaches 14.4 million hectares.
Yesterday, CBOT SRW wheat and corn futures prices fell and Chicago soybean futures prices slightly rose. In Paris, wheat and corn futures prices decreased notably and rapeseed prices increased significantly.
As of August 6, 2021, 21.7 million hectares of cereals have been harvested in Russia, 68.2 million tons of grain have been harvested at an average yield of 3.14 tons/hectare (3.47 in 2020).
According to the latest forecast of ProZerno, the grain production in Russia in 2021 will be 123.3 million tons in 2021, including wheat production of 77.1 million tons, barley production of 18.9 million tons and a corn production of 14.6 million tons.
Yesterday, CBOT SRW wheat futures prices fell and Chicago corn and soybean futures prices rose. In Paris, wheat, rapeseed and corn futures prices increased.
The Ministry of Agriculture of France has lowered its forecast for the soft wheat production this season by 0.4 million tons to 36.69 million tons, which is 26% more than 2020/21.
