According to SovEcon's forecast , the wheat production in Russia is expected to reach 92.2 million tons in 2024, which is 0.9 million tons more than the previous estimate. In 2023, wheat production was 92.8 million tons.

As of January 1, 2024, sunflower seed stocks in Russian agricultural organizations were 2.7 million tons (-7% compared to the previous year), and grain stocks were 34.7 million tons (-2%), including wheat stocks of 21.9 million tons (-2%) and corn stocks of 3.7 million tons (+2%).

In February 2024, the export duty on sunflower oil from Russia remains unchanged at 0 rubles/ton.

According to Farm Future's estimate for 2024/25, corn areas in the United States will reach 37.6 million hectares (38.3 in 2023/24). Wheat areas will be 19.4 million hectares (20.1), including winter wheat areas of 15.1 million hectares. Soybean areas will be 34.4 million hectares (33.8).

In their January report, analysts from AAFC forecast a wheat production in Canada for 2024/25 of 33.3 million tons (+1.3 compared to 2023/24), including 5.4 million tons (+0.6) of durum wheat. Consumption will reach 8.8 million tons (+0.2), wheat exports are projected at 24.4 million tons (+1.2), and ending stocks are expected at 4.2 million tons (+0.2). Barley production will be 9.3 million tons (+0.4), consumption is estimated at 6.5 million tons (+0.3) and barley exports are forecasted at 2.8 million tons (unchanged). Ending barley stocks are expected at 0.8 million tons (unchanged). Canola production will reach 18.4 million tons (+0.1), consumption will be 10.8 million tons (unchanged), exports will reach 7.7 million tons (unchanged), and ending stocks are projected to reach 1.4 million tons (-0.1).

The Malaysian government has allowed palm plantations to employ foreign workers in 2024, bringing an additional $845.84 million to farmers. In 2023, the ban on these workers deprived the sector of 40,000 employees. In 2023, crude palm oil production reached 18.55 million tons (+0.5% compared to 2022), and a production of 18.75 million tons is expected for 2024.

Jordan has canceled a tender to purchase 120,000 tons of milling wheat with unspecified origin. Most likely, the tender was not conducted due to high prices in the sales offers. A new tender for the same quantity of wheat and delivery within April-May has been announced.