In 80% of the corn areas in Brazil, there is a shortage of precipitation. Given this, the forecast for the first corn production (by local analysts) has been lowered from 29 million tons to 24 million tons.
- According to the forecast of SovEcon, the wheat production in Russia will reach 81.3 million tons in 2022 (80.7 million tons in the previous estimate).
According to the Statistical Office of China, 790,000 tons of corn were imported into the country in November (1.3 million tons in October and -35.7% compared to November 2020), which is the lowest level for the last 19 months.
According to Oil World, in the first 3 months of the current MY, soybean imports to China are at their lowest level of 20.56 million tons for the last 4 years (28 years earlier).
Last week, China bought 6-10 loads of French feed wheat (about 600,000 tons) with delivery within January - March 2022. For the whole of 2021/22, wheat exports in this direction are expected to exceed 2 million tons.
