Corn export estimates cut by 6 mil mt, wheat cut by 3 mil mt Raises corn, wheat carryover stocks estimate for 2021-22 India, US, EU, Brazil may offset Black Sea shortfall partially The International Grains Council March 17 slashed its estimate for global grain exports in the marketing year 2021-22 by 9 million mt from February’s outlook to 415 million mt, driven by a fall in corn and wheat outflows from the Black Sea region. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Commercial Black Sea port loadings are currently suspended in Ukraine,” the IGC report said. The council also pointed out that despite Russian terminals functioning in the Black Sea region, shipments have been hampered by financial restrictions on Russia. Grains trade from the Black Sea came to a halt after Russia invaded Ukraine Feb. 24. According to the IGC, the Black Sea […]