According to StoneX's forecast, the wheat production in Australia for 2023/24 is expected to reach only 24 million tons (-1 compared to the previous estimate and -36% compared to 2022/23).
In almost the entire Brazil, very high temperatures exceeding 40 degrees Celsius are being reported, which will hinder the planting of soybeans for the 2023/24 crop. In the states of Mato Grosso, Mato Grosso do Sul, and Goiás, temperatures are reaching 45-46 degrees Celsius.
During the period from September 1 to September 18, Russia exported 3.3 million tons of wheat (+27% compared to the previous year), a total of 3.7 million tons of grain (+20.5%), 374,000 tons of barley (-17%), and 24,300 tons of corn.
In their September forecast, analysts from Stratégie Grains have raised their projection for the soft wheat production in the EU by 0.3 million tons to 125 million tons, which is 0.3 million tons below the level from 2022/23.
The French Ministry of Agriculture has forecasted a wheat production in the country for 2023 of 35.14 million tons (compared to 35.59 in August and a +4.3% increase compared to 2022).
From the beginning of the season, Egypt's state company GASC has imported 2.14 million tons of wheat, including 1.55 million tons from Russia, 420,000 tons from Romania, 120,000 tons from France, and 51,000 tons from Bulgaria.
