According to data from the Buenos Aires Grain Exchange, corn areas in Argentina will reach 7.1 million hectares in the new 2021/22 season and soybean areas are projected at 16.5 million hectares.
Saudi Arabia bought 1.268 million tons of wheat (twice as much as planned) with a protein of 12.5% with delivery within January - March and an average price of 377.61 USD/ton C&F.
According to Oil World, world's canola exports will fall to 14.88 million tons in 2021/22, which is 18% less than 2020/21 (18.13 million tons) and this will be the lowest level for the last 9 years.
According to data from the European Commission, over the period 1.07 - 24.10.2021, 8.98 million tons of soft wheat were exported from the EU, which is 24% more than the previous year - 7.23 million tons.
According to the forecast of the FAS USDA, the wheat production in Australia will reach 31.5 million tons in 2021/22, which is 30% more than the average level for the last 10 years.
