Biggest wheat exporters12/25/2023 ![]() ![]() ![]() Meanwhile, the USDA’s Foreign Agricultural Service (FAS) indicated in a report last week, “ Australia: Grain and Feed Update,” that, “ Australia is set for a third consecutive record grain crop, and strong exports. “A major global grain grower and exporter, Ukraine’s grain output is likely to drop to about 51 million tonnes in 2022 from a record 86 million tonnes in 2021,” the Reuters article said.Īnd a in a separate Reuters article yesterday, Pavel Polityuk reported that, “ Ukraine’s grain harvest is likely to fall to 35 to 40 million tonnes in 2023, including 12-15 million tonnes of wheat and 15-17 million tonnes of corn, a senior analyst and producer said on Monday.” The pace of corn export inspections in the 2022/23 marketing year is now even further off from last year’s pace – with inspections this year totaling 12.03 million tons, down over 31% from last year.”Įlsewhere, Reuters writer Pavel Polityuk reported yesterday that, “ Ukraine has exported almost 26.3 million tonnes of grain so far in the 2022/23 season, down from the 37.9 million tonnes exported by the same stage of the previous season, agriculture ministry data showed on Monday.” That’s down from 728,792 tons reported last week. Department of Agriculture said corn export inspections totaled 527,932 metric tons for the week ended January 26. In its latest grain export inspections report, the U.S. corn exports, Dow Jones writer Kirk Maltais reported yesterday that, “Export inspections for corn are lower this week, while marketing year totals continue to drag behind last year’s levels. “Argentina is facing one of the worst droughts in recent years and Brazilian corn exports reached a record 44 million metric tons last year but are starting to trend down as stocks in the country come to an end.”Īlso regarding U.S. The US traditionally has been the world’s top corn exporter but could lose its crown to Brazil in the coming years.” The Bloomberg article noted that, “The pivot could boost corn futures on the Chicago Board of Trade, which are tied to delivery points along the US river system that was battling low water levels and elevated costs. ‘And the US will be exporting a lot of that from here until probably July.'” “World Will Turn to US for Corn Through July, ADM Says,” by Tarso Veloso Ribeiro and Michael Hirtzer. “‘Of course we lost some bean business but the corn business basically is going to be with us until the crop in Brazil,’ said ADM Chief Executive Officer Juan Luciano. Safrinha is a second-crop corn planted after the soybean harvest. “ China recently was buying record amounts of Brazilian corn but with supplies in South America now running thin demand will shift to the US through July when Brazil should start exporting a record safrinha crop. Illinois Farmland Leasing & Rental Formsīloomberg writers Tarso Veloso Ribeiro and Michael Hirtzer reported late last week that, “ Global demand for corn will come back to the US in the coming months, according to Archer-Daniels-Midland Co., one of the world’s biggest crop traders. ![]()
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