For the week of November 7–12, the export tax on Russian wheat will be 2,517 rubles/ton (up from 2,272.9 rubles a week earlier). The export tax on barley will be 1,266.2 rubles/ton (+463.8), and the export tax on corn will be 3,059.9 rubles/ton (+357.8).
Yesterday, the Egyptian state company GASC held an auction to purchase milling wheat for delivery between November 25 and December 5, 2024, or between December 6 and December 15, 2024.
In September, 5.07 million tons of soybeans were processed in the United States, which is below forecasts, but 11.31% more than in August and 6.72% more than the record in September 2023.
Oil World forecasts that in 2024/25, the supply of 17 major oils worldwide will increase by 1.6 million tons compared to the 8.8 million tons in 2023/24.
Strategie Grains has once again lowered its forecast for the EU sunseed production in 2024/25 from 8.9 million tons to 8.8 million tons, which is 11% less than in 2023/24.
According to FranceAgriMer data, as of October 21, 2024, 21% of winter wheat planting in France was completed (+11% over the week and 47% of the five-year average).
As of October 24, 2024, 94% of sunseed areas in Ukraine have been harvested, yielding 9.54 million tons of production with an average yield of 2.46 tons per hectare.
The unseeded area for winter crops in Russia may reach 1.5 million hectares out of the planned 20 million hectares. The grain production in 2025 is not expected to exceed 120 million tons.
