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Fitch forecasts China's rice production to grow 0.5% in 2021/2022, driven by government efforts to maintain self-sufficiency for staple grains, improve food security; China's rice surplus is decreasing at fast pace amid strong demand from livestock sector

Russia exporting 45 million tonnes of grain this agricultural season, a decline of 8.3% year-on-year, according to preliminary estimates available from the monitoring of the Russian Grain Union

EU foreign minsters meet to discuss how to release millions of tonnes of grain trapped in Ukraine because of Russia's Black Sea port blocking; more than 20 million tonnes of grain have been frozen in silos since Russia invaded and blocked its ports

Extreme heat, humidity kill at least 2,000 cattle in Kansas, the third-largest US cattle state behind Texas and Nebraska; deaths add to pain of US cattle industry already squeezed by drought and soaring feed costs amid tightened global grain supplies

Fitch: Protocol that allows for Chinese imports of Brazilian corn poses downside risk to US corn prices as supply to China will increase; development not expected to result in China softening long-term ambitions to reach greater self-sufficiency in grains

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