World market - Winter crops - Fork Cast

World wheat prices have fallen: Soft -5.37%, Hard in Kansas -6.28%, Hard in Minneapolis -3.97%. The corn contract decreased. The price of rice has risen. In Russia, wheat and corn have become cheaper, while rice has increased. The wheat index in Russia has risen. Facts about the grain market in the Russian Federation, grain purchases, and crop planting. Increase in grain export duties in Russia. In Belarus and Kazakhstan, the planting of new crops has begun. In Ukraine, the planting of spring crops has begun.

The President of Turkey announced negotiations on the supply of Russian grain.

The development of a grain corridor with African countries is a priority for President Putin.

Grain is being directed to Europe, Africa, and other countries.

The last vessel with grain has left the Ukrainian port as part of the agreement via the Black Sea. DSM Capella will deliver 30 tons of corn to Turkey.

Russia, Ukraine, Turkey, and the UN have expressed their support for the food crisis. The deal has been extended until May 18, inspectors are inspecting the vessels.

30.3 million tons of grain and aid have been delivered to the recipient countries.

The Polish government has approved the ministers' authority to enact laws aimed at stabilizing the agricultural market. The temporary ban on importing agricultural products from Ukraine will be imposed due to grain quality issues. Poland will allocate $140 million for grain purchases.

Kazakhstan plans to increase grain exports to China to 1 million tons per year. The Minister of Agriculture met with COFCO and CITIC Group in Beijing to discuss cooperation and procurement plans through Kazakhstani companies to ensure the necessary volume and quality for export. Willingness to assist with logistics was also expressed.

Bunge and Viterra have completed a merger, creating an agricultural giant worth over $30 billion. The CEO will be led by the Bunge team. The deal with Viterra's private shareholders, including Glencore, may be finalized on June 10-11. The deal may not happen due to confidentiality concerns.

China is implementing drones for smart agriculture. Experienced pilots control fleets, treating crops with pesticides. In Bozhou, 3,000 drones boost production by 25% and assist in logistics. According to plans, by 2027, 10,000 drones will cover 4 million hectares of fields.

Iran offers Russia to use its territory for grain exports to other countries, becoming a long-term partner due to anti-Russian sanctions. Iran is ready to help, but Russia is not in a hurry to take advantage of this opportunity.

Russian Foreign Minister Sergey Lavrov has announced that Tunisia is interested in increasing its imports of Russian grain. An intergovernmental commission will monitor the processes and provide support. Tunisia is prepared to sign new contracts for grain due to the successful performance of agricultural enterprises and favorable climatic conditions in Russia.

World wheat prices have been decreasing: soft red winter wheat in Chicago -1.67%, hard wheat in Kansas -1.93%, spring wheat in Minneapolis -0.28%. The price of corn contract in Chicago dropped by 1.01%, rice by 3.00%. Russian FOB Black Sea prices: wheat +0.12%, barley unchanged, corn -2.00%. The wheat price index CPT Novorossiysk increased by 0.70%.

Russia is proposing to Western countries to lift sanctions from Rosselkhozbank to restore financial ties with international banks and process payments for grain exports. The EU is discussing the possibility of using the bank for trade with Russia. The US is convincing businesses of the independence of food products from sanctions.

Vietnam has removed field bindweed from quarantine objects after inspections by the Rosselkhoznadzor. Previously, its presence required additional expenses for Russian exporters. This will allow for an increase in grain exports to Vietnam.