Market Monitor No.98May2022 SpringplantingintheNorthernHemisphere Contents isunderwayamidhighcommoditypricesbut highinputcostsaswell.Earlyindicationsfor the United States and the European Union suggestthathigherpricesforsoybeansand other oilseeds will encourage producers to increase oilseed plantings. For wheat, in- creased acreage in Canada might help ?ll someoftheglobalde?citinsupplies.How- ever,theoutlookislessfavourableforIndia andtheUnitedStates.Duetothetightnessin globalstocksandtheuncertaintycausedby thecon?ictinUkraine,pricevolatilityislikely toremainhighthisyearasmarketswillfocus on weather, crop conditions of fall-planted wheat and progress for spring planting and development later this summer. Of increas- ingconcernareexportrestrictions,whichfur- therexacerbatepricevolatilityandjeopardize globalsupplies. Featurearticle: AMISeffortstomonitorexport restrictions 2 3 Worldsupply-demandoutlook Cropmonitor 5 Policydevelopments Internationalprices Futuresmarkets 8 11 13 14 16 17 18 Marketindicators Fertilizeroutlook Oceanfreightmarkets Explanatorynotes Marketsataglance FROM FROM PREVIOUS SEASON Easing Neutral Tightening PREVIOUS FORECASTS WHEAT MAIZE RICE SOYBEANS The Market