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)
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 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.