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Mexico’s wheat production forecast for marketing year (MY) 2021/22 is revised upward, based on more complete figures from Mexico's Secretariat of Agriculture and Rural Development (SADER), and reflecting favorable weather conditions that resulted in higher yields than initially expected.
The Government of Argentina has announced new limits on corn and wheat exports. These limits are intended to guarantee sufficient supplies of both commodities for domestic users, in part to help reduce inflationary pressure.
FY2021 agricultural exports reach record levels.
Damage to port facilities in New Orleans during Hurricane Ida caused significant delays to shipments of U.S. feed grains to Costa Rica, where the poultry, pork, and dairy sectors rely almost exclusively on U.S. suppliers.
In MY 2021/22, Colombian corn, rice, and wheat demand are forecast to recover as Colombia returns to pre-pandemic economic growth levels.
Wheat production in marketing year (MY) 2021-2022 is forecast at a record 20 million tons, and exports are projected at 13.5 million tons (including flour in its wheat equivalent), both unchanged from USDA’s official numbers.
Grain and feed news is positive this year in Venezuela. The forecast for winter crops is favorable due to sufficient rainfall resulting in above average yields for corn and rice.
Post forecasts 2021/22 corn harvest at a record 118 million metric tons (MMT), up nearly 40 percent on the disappointing 2020/21 harvest estimated at 85 MMT.
Mexico’s projected wheat production in marketing year (MY) 2021/22 is revised upward compared to the USDA official forecast to 3.2 million metric tons (MMT) based on updated official Mexican production data.
Wheat production in marketing year (MY) 2021/22 is projected at a record 20.8 million tons, 300,000 tons higher than USDA Official.
Post lowers its corn production forecast for market year (MY) 2020/21 (March 2021 – February 2022) to 94 million metric tons (MMT), a reduction of 11 MMT from Post’s April projection.
Post forecasts 2021/22 production, utilization, and trade for corn, rice, sorghum, and wheat.