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Grain Highlights 15.03.2024

The Association of Farmer Cooperatives in Germany forecasts a wheat production in the country in 2024 of 20.14 million tons (a decrease of 6.5% compared to 2023), and a rapeseed production of 3.93 million tons (a decrease of 6.9%).

Grain Highlights 14.03.2024

IKAR forecasts a grain production in Russia for 2024 of 147 million tons, including 93 million tons of wheat, which is a moderate forecast.

Grain Highlights 13.03.2024

According to the forecast by APK – Inform, the sunseed production in Ukraine in 2024 is projected to be 13.9 million tons (a 1% increase compared to 2023), soybean production is expected to be 6 million tons (a 17% increase), and rapeseed production is forecasted to be 4.2 million tons (a 9% decrease).

Grain Highlights 12.03.224

As of March 12, 2024, spring crops have been planted on 424,600 hectares in Russia, which is twice as much as the previous year. The Ministry of Agriculture of the country expects the total area planted with winter and spring crops to reach 84.5 million hectares.

Grain Highlights 11.03.2024

Authorities in India forecast a wheat production of 112 million tons in 2023/24 (+1.3% compared to 2022/23). However, private analysts expect that the new production may be below the level of the previous one.

Grain Highlights 08.03.2024

According to the forecast by Rusagrotrans, wheat exports from Russia in March are expected to be 4.4 - 4.5 million tons (compared to 4.24 million tons in February).

Grain Highlights 06.03.2024

In 2024, the rapeseed production in the EU is expected to decrease by 12%. Considering this, there is an increase in demand for Ukrainian rapeseed for the new crop. The current supply of rapeseed under CPT Constanta conditions is priced at 375 - 385 USD/ton.

Grain Highlights 05.03.2024

StoneX has increased its forecast for soybean production in Brazil for the 2023/24 season by 1.2 million tons to 151.5 million tons (compared to 154.6 in 2022/23).

Grain Highlights 04.03.2024

According to Strategie Grains' forecast for 2024, the rapeseed production in the EU is projected to reach 18.3 million tons (-0.1 compared to the previous estimate and -1.6 compared to 2023).