Dirk Strydom

Grain SA Manager Grain Economy and Marketing. Focus: #agricultural marketing, #strategy, #agribusiness management

[International Grains Council @IGCgrains]

Reflecting an expected drop in production, global #barley stocks are tentatively anticipated to contract in 2023/24, led by a fall in the major exporters.

[International Grains Council @IGCgrains]

World #soybean use is projected to expand in 2022/23, incl. record uptake in the US & Brazil. However, Argentina’s smaller crop will have big implications for processing, especially since it is the world’s largest exporter of #soyoil & #soymeal. See also Market Focus on #soymeal.

[GrainStats 🌾 @GrainStats]

🔥US Drought Monitor🌧

Grain Production Areas Experiencing Drought (+/- weekly change)

🌽Corn: 31% (-2%)
☁️Cotton: 46% (+0%)
🌾Sorghum: 88% (+0%)
🌱Soybeans: 23% (-1%)
🌾Spring Wheat: 49% (-6%)
🌾Winter Wheat: 53% (-2%)

[International Grains Council @IGCgrains]

With early harvest data in Argentina confirming poor yields and, with any future rainfall expected to provide only limited benefit to later-sown varieties, 2022/23 #maize (#corn) production is set to fall sharply y/y.

[BFAP @BFAP6]

Persistent load shedding is a key factor that will influence growth prospects in agriculture - 33% of farming income is directly dependent on irrigation

[International Grains Council @IGCgrains]

Global #sunflowerseed production is forecast to contract y/y, chiefly on a smaller Ukrainian harvest. Reduced production is also expected in the EU, contrasting with larger outturns in Russia, the US and Argentina.

[International Grains Council @IGCgrains]

Following a record outturn in the previous year, 2022/23 #maize (#corn) production forecast to drop, including smaller outputs in the EU, South Africa, Ukraine and the US.

[Kevin Van Trump @KevinVanTrump]

World Soybean Production + Ending Stocks

[International Grains Council @IGCgrains]

Aggregate production and supplies of #soybeans in major exporters seen much improved in 22/23, particularly relative to #rapeseed/#canola and #sunflowerseed, thereby potentially boosting buying interest amongst key importers.

[International Grains Council @IGCgrains]

While global #sunflowerseed production may decline in 22/23 amid smaller harvests in the EU and Ukraine, prospects in the Americas appear brighter, with larger crops anticipated in both the US and Argentina.

[International Grains Council @IGCgrains]

Global production of #maize (#corn) in 22/23 is forecast to contract for the first time in three seasons, with smaller crops, including in the US and the EU, only partly compensated by a rise in China’s output.

[International Grains Council @IGCgrains]

With sizeable (above-average) crops anticipated in key producers, mainly on a potential recovery in yields in South America, 22/23 global #soybean production is tentatively seen expanding sharply y/y, to a fresh record.

[International Grains Council @IGCgrains]

22/23 world #wheat production is projected at a record high, with this month’s report incorporating latest harvest results and current favourable outlooks in some southern hemisphere growers. Average yields could reach an all-time peak.

[International Grains Council @IGCgrains]

Led by a recovery in Canadian yields, 22/23 global production of #rapeseed (#canola) is set to rebound solidly, reaching a new record, with gains expected in Europe, North America and Asia.

[International Grains Council @IGCgrains]

Amid tighter supplies and wider macro-economic concerns, 2022/23 global consumption of #barley is forecast to drop to a four-season low, including reduced feed use.

[Grain SA @GrainSA]

Graan SA se landbou-ekonome monitor die winsgewendheidsituasie van graan en oliesade tans op ’n maandelikse basis. Soos nuwe inligting na vore kom, word dit aangedui op 'n barometer op SA Graan se webblad. Vir meer inligting volg die skakel: https://t.co/6VkVTWfmSM