In March, Russia exported 5.7 million tons of grain (-14.6% compared to February), including 4.517 million tons of wheat (-15.7%), 612,000 tons of barley, and 574,000 tons of corn.
IGC predicts that in 2024/25, global sunseed production will be 58.5 million tons, which represents an increase of 0.6 million tons compared to the production in 2022/23.
According to the USDA forecast for 2024, corn areas in the United States will reach 90.04 million acres /94.64 in 2023/, with wheat areas of 47.49 million acres /49.58/, and soybean areas of 86.51 million acres /83.6/.
According to the forecast of the European Commission, the soft wheat production in the EU for 2024/25 will be 120.8 million tons (-4% compared to 2023/24), which is the minimum level in the last 4 years.
SovEcon has raised its forecast for the wheat production in Russia for 2024/25 by 0.4 million tons to 94 million tons, compared to 92.8 million tons in 2023/24.
According to the MARS forecast for 2024/25, the average yield of soft wheat in the EU will reach 5.91 tons per hectare (5.82 in 2023/24), while winter barley yield will be at 5.95 tons per hectare (6.05).
From the beginning of the season until March 17, 2024, Canada exported 15.7 million tons of wheat (-4% compared to the previous season), including 2.2 million tons of durum wheat (-38%).
During the second ten-day period of March, Russia exported 2.875 million tons of grain, while during the first period, Russia exported 1.269 million tons. Wheat exports during the second ten-day period were 2.386 million tons (compared to 1.068 million tons in the first ten-day period of March).
In its March report, analysts from Coceral forecast a grain production in Bulgaria for 2024/25 of 9.63 million tons, which is -0.63 million tons lower compared to the previous estimate. Back in 2023/24, grain production was 9.78 million tons.
