IKAR once again raises its forecast for the wheat production in Russia in 2023/24 to 91 million tons (up from 89.5 in the previous estimate) as well as the forecast for the total grain production to 140 million tons (139). The export potential for wheat will reach 49.5 million tons (48.5), and the total export potential will be 64 million tons (63).

According to data from Rosstat as of August 1, 2023, grain reserves in Russian agricultural organizations were 24.096 million tons (+6.9% compared to the previous year), including wheat stocks of 18.694 million tons (+1.1%), and corn stocks of 787.1 thousand tons (+3.4%).

According to a survey conducted by Farm Futures from July 15 to August 1, 2023, among 985 farmers in the United States, in 2024/25, the corn areas in the US will be 37.7 million hectares (-0.4 compared to 2023/24), soybean areas are expected to reach 34.6 million hectares (+0.8), and wheat areas are projected at 21.3 million hectares (+1.2).

After the removal of anti-dumping tariffs, China has purchased approximately 600,000 tons of barley from Australia. The recent purchases of malting barley have been at prices around 325 USD/ton C&F, and for feed barley at prices within 277 - 280 USD/ton C&F.

In 2023/24, Morocco's soft wheat imports will reach 5 million tons, significantly higher than the previous year due to prolonged drought.

Tunisia is conducting a tender for the purchase of 75,000 tons of durum wheat and 50,000 tons of feed barley. In the previous tender, the country purchased 100,000 tons of durum wheat.