The International Grains Council (IGC) reduced its forecast for grain exports from Ukraine and Russia. For Ukraine, the IGC expects Ukraine grain exports to be 47.8 million metric tons (MMT), down 15 MMT from a month ago. Ukraine’s corn exports were slashed by 10.9 MMT to 21.0 MMT and wheat exports were cut by 3.7 MMT to 20.8 MMT. Russia’s wheat exports were trimmed 600,000 metric tons to 37.1 MMT. The organization noted the projections were tentative and subject to significant uncertainty.
International Grains Council Cuts Ukraine and Russian Grain Exports
The International Grains Council (IGC) reduced its forecast for grain exports from Ukraine and Russia.
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