According to a forecast by SovEcon, Russia's wheat exports in January are expected to be between 1.8 and 2.2 million tons (compared to 3.6 million in January 2024). Ukraine’s exports are projected to reach 0.8 million tons (down from 1.6 million). As of December 1, 2024, Russia’s wheat stocks stood at 18.7 million tons (compared to 24.8 million a year earlier). The ending stocks for the season are expected to be 10 million tons (with 6.3 million held by market entities and 3.7 million in state reserves), whereas a year earlier, they were 20.2 million tons (16 + 4.2). Ukraine’s ending stocks are expected to be 0.8 million tons (compared to 1.2 million in 2023/24 and 4.2 million in 2022/23). SovEcon estimates Russia’s total wheat exports for the season at 43.7 million tons (compared to 46 million in USDA forecasts), while Ukraine’s exports are projected at 16.1 million tons (matching USDA estimates). Since the start of the season, Russia has exported 30.5 million tons of wheat, and Ukraine has exported 10.1 million tons. The remaining exportable volumes are 13.2 million tons for Russia and 6 million tons for Ukraine, compared to 26.7 million tons and 10.23 million tons at the same time last year. The differences are significant—both countries now have a combined 19.2 million tons left for export, compared to 36.93 million tons a year ago.

Between July 1, 2024, and January 15, 2025, Ukraine exported 23.616 million tons of grain (up from 20.563 million a year earlier), including 1.388 million tons in January (down from 2.097 million). Wheat exports reached 10.326 million tons (413,000 tons in January), barley exports totaled 2.008 million tons (9,000 tons in January), and corn exports amounted to 10.868 million tons (959,000 tons in January).

In the 2024/25 season, rapeseed imports to the EU are expected to reach 6.7 million tons, compared to the traditional range of 5.5–6 million tons. According to USDA estimates, global rapeseed acreage in 2025/26 will reach record levels, exceeding 44 million hectares. The Black Sea region will continue to be an important supplier of rapeseed to the EU, with good productions expected in Romania and Bulgaria. Rapeseed acreage in the EU is projected to reach at least 6 million hectares (compared to 5.7 million in 2023/24).

According to data from Safras & Mercado, as of January 10, 2025, the harvesting campaign of Brazil’s first corn crop has been completed on 3.3% of the total planted areas, which covers 3.512 million hectares. In Rio Grande do Sul, 12.3% of the fields have been harvested, while in Santa Catarina, 1.3% has been completed.

A vessel carrying 23,700 tons of white corn is currently being unloaded at the port of Durban, South Africa. This is the first such shipment since November 2017, driven by a weak production and strong export demand from Zimbabwe. In November, the South African Crop Estimates Committee (CEC) assessed the country’s white corn production at 6 million tons (-29%), while the yellow corn production was estimated at 6.7 million tons (-15%).