According to the assessment by the Canadian Grain Commission from the beginning of the 2023/24 season until February 4, 2024, Canada has exported 12.5 million tons of wheat, which is 4% less than the previous season.
According to Carganave's forecast, 10 million tons of soybeans are expected to be exported from Brazil in February, which is significantly higher than the volumes exported in January and February 2023.
According to Abiove's forecast for the 2023/24 season, the soybean production in Brazil is expected to be 156.1 million tons, which is a decrease of 4.2% compared to the previous estimate and 154.6 million tons compared to the 2022/23 season.
According to USDA data as of January 28, 2024, 54% of winter wheat crops in Kansas are in good or excellent condition, showing an increase of 11% compared to December and a 21% improvement from the same period last year.
On January 30, 2024, soyoil futures on the Dalian Commodity Exchange (May contract) decreased by 3.8% to 1,003.79 USD/ton, reaching the lowest level in the last 7 months.
According to the assessment of the Egyptian government, deliveries of Russian wheat to the country reached 7.5 million tons in 2023, compared to 5.4 million tons five years earlier.
