First Ukrainian grain ship headed to Africa
A ship is nearing Ukraine to pick up wheat for Ethiopia, making it the first food delivery to Africa under an UN-brokered plan to deliver grain trapped by Russia’s war, the Associated Press 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.
Turkey plans to import more wheat in 2022-23
Turkey plans to import more wheat in 2022-23 to meet domestic food and feed demand, strengthen country stocks and meet stable demand from wheat product producers and exporters, according to a report from the Foreign Agricultural Service of the US Department of Agriculture (USDA
First Ukrainian grain ship leaves Odesa under brokered deal
The first ship carrying Ukrainian grain under a deal brokered by Turkey and the United Nations left the port of Odesa on Aug. 1, carrying 26,000 tonnes of corn destined for Lebanon, The Associated Press reported.
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.
China expected to import less soybeans
Slower economic growth, high prices and COVID-related restrictions have lowered China’s soybean import expectations for 2021-22, according to a report from the US Department of Agriculture’s Foreign Agricultural Service (FAS)
Argentina grain exports stymied by trucker protest
Loaded grain trucks were not getting to Argentina’s largest port on June 29 as a truck driver protest against high fuel prices brought the country’s agricultural exports to a near standstill, Reuters reported.
Russia may switch grain export tax to rubles
Russia is considering a gradual switch for state export taxes for grains and sunflower seeds from US dollars to rubles at the behest of commodities traders.
Brazil corn production revised upward
Brazil is projected to harvest a larger second corn crop this year as timely rainfall has lessened the severity of drought in the South American country.
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.