According to Conab data, as of January 15, 2022, 94% of the areas planned for the first corn production were sown in Brazil (+2% for the week and 95% a year earlier).
In their January report, analysts from Strategie Grains lowered their forecast for the EU wheat production in 2022/23 by 1 million tons to 127.7 million tons (129.8 in 2021/22).
Over the week of January 12-18, the export tax on wheat from Russia will be 98.2 USD/ton, which is calculated at a wheat price of 340.4 USD/ton. This will probably be the highest tax for this season.
