Rusagrotrans forecasts a record wheat export from Russia in July, ranging from 4.1 to 4.2 million tons (the previous best result was 4 million tons in 2018).
According to IKAR's forecast, the total grain production in Russia will be 134.5 million tons in 2023, including wheat production of 86.5 million tons (86 in the previous estimate).
Ukraine proposed to the UN and all interested parties to change the route of ships carrying grain from Ukrainian ports through the territorial waters of Romania and Bulgaria to Turkey.
According to Safras&Mercado's forecast for 2023/24, the corn areas in Brazil will be 22 million hectares (22.2 in 2022/23), including a first corn crop areas of 4.1 million hectares (4.2) and a second corn crop areas of 15.4 million hectares (15.5).
During the period from September to December 2023, soybean imports to China from Brazil may increase due to high prices of soyoil in the US, and consequently, the prices of soybeans.
In their July report, Conab analysts lowered their forecast for Brazil's 2023/24 soybean production by 1.2 million tons to 154.6 million tons (125.5 in 2022/23).
The Russian Grain Union predicts a 2023/24 grain production in Russia of 130-140 million tons with exports of 55 million tons. A decrease in the average yield of wheat by about 0.1 ton/hectare is noted.
