According to Abiove's forecast for the 2023/24 season, the soybean production in Brazil is expected to be 156.1 million tons, which is a decrease of 4.2% compared to the previous estimate and 154.6 million tons compared to the 2022/23 season.
According to USDA data as of January 28, 2024, 54% of winter wheat crops in Kansas are in good or excellent condition, showing an increase of 11% compared to December and a 21% improvement from the same period last year.
On January 30, 2024, soyoil futures on the Dalian Commodity Exchange (May contract) decreased by 3.8% to 1,003.79 USD/ton, reaching the lowest level in the last 7 months.
According to the assessment of the Egyptian government, deliveries of Russian wheat to the country reached 7.5 million tons in 2023, compared to 5.4 million tons five years earlier.
According to data from Rusagrotrans, approximately 3.7 million tons of wheat will be exported from Russia in January (compared to 4.26 million tons in January 2023).
