Browse Data and Analysis

South Africa had an excellent start to the 2021/22 MY, with carry-over soil moisture and widespread rains that led corn producers to start plantings two to four weeks earlier than usual. Excessive rainfall during December to early January caused damage to planted crops in some areas that could impact crop size, although the extent will only become clear over the next few months.

Australia is set for a second consecutive record grain crop following two years of drought. For the winter crops, wheat production is estimated to have reached another record in marketing year (MY) 2021/22 and barley production is expected to be the third largest in history, just slightly behind the previous year.

Canada’s wheat marketing year 2021/22 was defined by drought, fires, atmospheric rivers, and the resilience of Canada’s rail transportation sector. Canadian wheat export volumes are down 37 percent (August to November 2021) from the previous year, though wheat exports by value are 95 percent of the value earned the previous year, due to strong global prices.

Rice export prices increased 5-6 percent mainly due to the strengthening of the Thai baht and new inquires.

On January 11, 2022, the Ministry of Commerce (MOFCOM) of the People’s Republic of China (PRC) announced it will conduct an Expiry Review on the antidumping (AD) and countervailing duty (CVD) measures imposed on U.S.-origin distiller’s dried grains with or without solubles (DDGS).

The southwest monsoon concluded on October 25, 2021, while the northeast monsoon set in on the same date. Rainfall during the northeast monsoon, also referred to as the post-monsoon season (October-December), was 44 percent higher (178 mm) than the normal fifty-year average.

On January 11, 2021, the Indian Ministry of Commerce and Industry announced that India and the United States agreed to a framework that will implement market access for agricultural products from both countries.

Export prices of most grades of rice decreased one percent as the Thai baht weakens.

On November 24, 2021, the Indian government approved the extension of the additional free food grains scheme through March 31, 2022. With this extension, an additional 16 million metric tons (MMT) of grains will be released from government stocks.

The Mexican Ministry of Health is proposing changes to the existing NOM-187 published in 2003. The purpose of the amendment is to establish the classification, ingredients, and specifications that products derived from corn and wheat need to meet.

On January 7, 2022, the Turkish Government published Biosafety Decisions on the import of genetically engineered (GE) soybean and corn events. The Ministry of Agriculture and Forestry (MinAF) approved one new soybean event and one new corn event for feed and cancelled the approvals of two corn events which expired on 12/24/2021.

Export prices of most grades of rice increased one percent due mainly to the strengthening of the Thai baht.