According to the forecast by Rusagrotrans for 2023/24, corn production in Russia is expected to reach 17.6 million tons (+1.6 compared to the previous estimate and 15.85 in 2022/23). The total grain production will be 145 million tons (143.3 in the previous estimate), including 92.6 million tons of wheat.
According to the government's forecast from Russia for 2023/24, the country's grain exports are projected to be 65 million tons (60 in the previous estimate). The grain production has been confirmed at 140 million tons, including 93 million tons of wheat. The oilseed production is estimated to be 27 million tons.
During the period from July 1 to October 30, 2023, Ukraine exported 8.904 million tons of grain (12.913 in the previous year), with 2.152 million tons in October alone (4.221). The exports included 4.477 million tons of wheat (4.936), 679,000 tons of barley (1.087 million tons), and 3.626 million tons of corn (6.843).
According to Turkstat's estimate for 2023/24, Turkey's grain production is projected at 41.5 million tons (+2 compared to the previous estimate and +7% compared to 2022/23). The wheat production will reach 21.8 million tons (+1.3 and +10), 9 million tons of barley (+0.4 and +6%). The sunseed production will be 2.2 million tons (-0.4 and -14%), and soybean production is estimated at 137,500 tons (-11%).
Stratégie Grains forecasts a rapeseed production of 19.7 million tons in the EU for 2023/24 (+0.2 compared to the previous estimate and 19.5 in 2022/23). The soybean production is expected to be 3 million tons (+0.1 and +0.5), while the sunseed production is projected to reach 10.1 million tons (no change and +0.8).
According to data from FranceAgrimer as of October 23, 2023, corn harvesting in France has been completed on 85% of the total areas (+11% for the week, 96% in 2022/23, and 74% on average for the last five years). The sowing of soft wheat for the 2024/25 crop has been carried on 54% of the planned areas (+16% for the week, 61% and 53%), while hard wheat sowing has been completed on 4% of the planned areas (6% last year and 5% on average for the last 5 years), and winter barley was completed at 69% (+18%, 78%, and 69%).
According to data from the Grain Exchange in Buenos Aires as of October 25, 2023, 7% of the wheat areas in Argentina for 2023/24 have been harvested (3% in 2022/23) with an average yield of 1.3 tons per hectare.
Australia and the EU failed to reach a free trade agreement. Prospects remain for the future, but this is unlikely to happen before 2026.