Confidence in Brazilian second corn crop remains high, and planting of US corn has become incentivized due to the sustained and large-scale reduction in fertilizer costs, finds a CRM Agri outlook.
Russian consultancy, Sovecon, has further raised its forecast for Russia’s wheat harvest, now at 94.7Mt, up from a previous 90.9Mt estimate, due to what it says are record yields and rain improving the outlook for spring wheat.
