- IKAR has raised its forecast for Russia's wheat production in 2024 from 82 million tons to 83.2 million tons. The total grain production is forecasted at 128 million tons.

- According to a USDA forecast for 2024/25, sunseed production in Russia will be 16.5 million tons (-3% compared to June, -4% compared to 2023/24, and +6% compared to the average over five years). The average yield will be 1.74 tons/hectare (-3%, -6%, and slightly above the five-year average).

- From July 1 to 14, 468,200 tons of wheat were exported from the Russian port of Novorossiysk (641,500 a year earlier). The largest customers were Egypt with 159,400 tons, Libya with 86,000 tons, and Saudi Arabia with 66,000 tons.

- For the week starting on 07/17/2024, the export tax on Russian wheat will be 1,780.5 rubles/ton (+4.7% compared to the previous week). For another week, barley (14th consecutive week) and corn (13th consecutive week) exports are duty-free.

- According to an assessment by Ukroliyaprom, exports of rapeseed oil from Ukraine reached a record 422,000 tons in 2023/24. The biggest customers are China, the EU, Malaysia, and Singapore.

- According to data from FranceAgriMer as of 07/08/2024, the harvesting campaign of soft wheat in France has been conducted on 4% of the areas (+3% for the week, 26% last year, and 19% on average over the last five years). The condition of the crops is the worst in the last five years due to the excessive rainfall and lack of sufficient sunlight. 57% of the crops are in good to excellent condition (58% a week earlier and 80% a year earlier). Over the next few weeks, the weather in France will be dry and warm, which will accelerate the campaign.

- According to Conab, in 2023/24, the production of cereal crops in Brazil is 299.27 million tons (-20.54 million tons compared to 2022/23). However, the production is the second-largest in history. The reduction is influenced by El Niño. The soybean production is 147.34 million tons (-7.27), and corn production is 115.86 million tons (-16.03).

- According to a forecast by the Rosario Grain Exchange, the wheat production in Argentina for 2024/25 will be 20.5 million tons (21 in 2023/24). As of 07/10/2024, 92.9% of the planned areas have been sown (+7.6% for the week). 97.2% of the crops are in normal, good, and excellent condition. Moisture deficiency is reported on 31.7% of the areas (+5.4% for the week).

- On 07/12/2024, the government of Pakistan imposed a ban on the import of wheat and wheat flour into the country.