According to a StoneX forecast, the drought in the Brazilian state of Rio Grande do Sul will reduce the first corn production to 4.51 million tons (5.38 in the preliminary estimate and 2.56 last season).
Wheat stocks in the state warehouses of India at the beginning of December reached the lowest level for the last 6 years – 19 million tons (37.85 a year earlier).
According to data from the Ministry of Industry of Brazil, over the period of December 1-11, the country's corn exports reached 1.5 million tons, with a forecast for the entire month of 5.4 million tons.
The state company of Egypt GASC has purchased through direct negotiations 260,00 tons of Russian wheat with delivery within 25.12 - 28.02.2022 at an average price of 354 USD/ton C&F (361 on the previous purchase).
The Buenos Aires Grain Exchange reports that as of 07.12.2022, only 37.1% of the planned soybean areas have been sown in Argentina (+8% for the week and -20% compared to 2021).
