StoneX lowered its forecast for the 2022/23 corn production in the United States by 2.8 million tons from the previous estimate to 357 million tons (382.9 in 2021/22).
According to the forecast of the USDA attaché in Beijing, China's corn production will be 270 million tons in 2022/23 (-4 compared to the official estimate and -2.5 compared to the previous FAS USDA forecast).
Over the July-September period, 13.67 million tons of grain were exported from Russia (17.5 in 2021/22), including 11.922 million tons of wheat (15.6).
The European Commission again reduced its forecast for the 2022/23 corn production in the EU by 3.8 million tons compared to the previous estimate to 55.5 million tons (72.7 in 2021/22)..
According to a forecast of the Buenos Aires Grain Exchange, the soybean production in Argentina will reach 48 million tons in 2022/23 (43.3 in 2021/22).
