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Soybeans, corn see more pressure from Brazil rain
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Wheats Close Mixed on Spread Action
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Ukraine is accusing Russia of shipping stolen grain to Syria. The Ukrainian embassy in Beirut calls the 100,000-ton heist, criminal activity.
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7000 tonnes less per ship; water levels are about 3 feet above the zero point used by captains, nearly 10 feet below normal.
Brazilian firm Datagro cut their 2020/21 corn production estimate from 109.3 to 105.5 MMT (still well above StoneX Brazil
’
s 100.0 MMT), with soybeans up from 135.5 to 136.3 MMT this month.
Brazilian exporting agency Anec estimated calendar 2021 corn exports at 32 MMT, down 1.6 MMT from 2020, with soybean shipments at 83 MMT, breaking the 2018 record of 82.88 million tonnes.
Argentina
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s Ag Ministry estimated forward sales of the 2020/21 soybean crop at 16.4 MMT, behind 20.8 MMT at this point last season; corn sales stand at 24.5 MMT, down 850k tonnes from the comparable point last year.
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