StoneX again raises its forecast for the 2022/23 soybean production in Brazil by 0.7 million tons to 155 million tons, which is 29.5 million tons more than the previous year.
In Egypt, many private mills have stopped working due to a wheat supply crisis. 600,000 – 650,000 tons of wheat are blocked in the country's ports and only small quantities are released to the millers.
As of 29.11.2022, the export prices of Australian premium white wheat and standard white wheat have decreased to 357 USD/ton and 315 USD/ton FOB Kwinana, respectively.
According to the APC-Inform forecast, in the first 4 months of 2022/23, the export of barley from Ukraine reached 1.1 million tons (4.6 in 2021/22). The biggest buyers were Romania with 393,100 tons, Spain with 236,800 tons and Turkey with 168,700 tons.
As of 11/16/2022, 45% of wheat crops in Argentina were in good and excellent condition (43% a week earlier and 92% a year earlier). Precipitation is the basis of the increase.
