Record wheat crop forecast for Brazil
The latest wheat forecast for Brazil, a record 10.935 million tonnes, has the nation poised to reverse its status as a net importer of the crop in the coming years, Reuters reported, citing an estimate by agribusiness consultancy Safras & Mercado.
War has taken toll on Ukraine’s grain storage facilities
One out of every six, or about 15%, of Ukrainian crop storage facilities, have been destroyed, damaged or controlled by Russia and its aligned forces since it invaded Ukraine on Feb. 24, according to the Conflict Observatory, an American non-governmental organization.
India denies reports that it plans to import wheat
Although wheat production is forecast to fall to its lowest level in four years, India’s government on Aug. 21 reiterated that it had no plans to import wheat, Reuters reported
World’s top wheat-producing countries
In 2022-23, the International Grains Council’s July report anticipates worldwide wheat production to reach 770 million tonnes, down from 781 million tonnes in 2021-22, with 195 million tonnes available for trade.
Brazil on pace for record corn production, exports
Corn exports from Brazil have increased by 221% in the first half of 2022 as importers seek to replace Ukrainian corn that isn’t making it to market due to the ongoing war with Russia.
Grain market review: Wheat
World wheat markets are at their highest price levels since 2008 as reduced supplies, held back by the conflict in Ukraine, a move by India to limit shipments abroad, and the weather.
Brazil’s soybean production facing fertilizer challenges
Brazil is expected to slow its soybean planting expansion in 2022-23, with just a 0.5% increase year-over-year, down from the 3.8% annual growth rate last year.
Brazilian corn production on the upswing
Expanded acreage and good weather during the safrinha growing season is expected to increase Brazil’s 2018-19 corn production by 18% over the previous market year. That trend is expected to continue into the next year, according to an April 8 Global Agricultural Information Network (GAIN) report from the Foreign Agricultural Service of the U.S. Department...