Safras&Mercado has lowered its forecast for the corn production in Brazil for 2023/24 to 123.31 million tons (126.13 million in April and 140.06 million in 2022/23).
The Ukrainian Grain Association has lowered its forecast for the grain and oilseeds production in Ukraine for 2024/25 by 1.5 million tons to 74.6 million tons (down from 82.8 million tons in 2023/24).
According to the forecast by APK – Inform for 2024/25, Ukraine will process 750,000 – 800,000 tons of rapeseed, which is 20 – 23% less than in 2023/24.
In the last few days, the cold temperatures persist across the entire European part of Russia with temperatures ranging from -6 to 0 degrees. A state of emergency has been declared in the Belgorod region.
SovEcon has revised down their forecast for the wheat production in Russia for 2024/25 by 7.3 million tons to 85.7 million tons, which is 1 million tons below the average level of the last five years.
