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The surging spot shipping rates of the past year are set to translate into steep price increases in 2022, the Wall Street Journal writes. . .
Russian and Ukrainian farmers are expected to harvest 110.4 MMT of wheat in 2022, 2.6 MMT more than previously forecast by Black Sea region ag consulting firm SovEcon.
BSE reported in Canada, market access likely ‘unaffected’
Some rains fell on southern Brazil over the weekend, but they weren’t enough to stop net drying in the region.
Russia plans to set its grain export quota at 11 MMT, including 8 MMT of wheat, from Feb. 15-June 30, 2022 . . .
The NCGA and state organizations sent a letter asking Mosaic executives to “voluntarily withdraw your countervailing duties and allow critical supply back into the U.S. . . . “
South American weather pattern to remain about the same
Unica expects more sugarcane to be allocated to ethanol production – 55.13% this year versus 53.93% last year.
Based on a Reuters report, IHS Markit expects 2022 U.S. corn acres to slide to 91.578 million acres next year.
AgRural cuts Brazilian soybean, corn crop estimates due to drought.