World market - Incubator

Futures for wheat on the Chicago exchange are rising due to weather conditions, reaching record levels. Prices for soybeans are falling, while corn prices remain stable. Dry and frosty weather is creating instability in the market. Experts anticipate a temporary price decrease due to rain. Harvest forecasts are less optimistic, but wheat prices may remain stable.

The European Commission has adjusted the forecast for rapeseed production to 19.41 million tons in 2024-2025 (2% lower than the previous forecast).

Sunflower production in the EU is over 10.6 million tons, while soybeans are at 3.1 million tons.

Russia increased agricultural exports to Indonesia by $283 million in 2023. Wheat supplies resumed, with Russia becoming the second largest supplier after Australia. Indonesia is one of the largest buyers. Plans are underway to increase exports to $650 million by 2030.

Grain market quotes: corn on CBOT fell by 0.17%, SRW wheat on CBOT decreased by 2.15%, HRW wheat on KCBT fell by 0.39%, HRS wheat on MGE rose by 2.58%, oats on CBOT fell by 0.67%, rough rice on CBOT increased by 1.54%.

The Minister of Health of Estonia does not plan to introduce a tax on sugary products in the near future, despite suggestions from analysts. The decision is driven by insufficient evidence of the effectiveness of such a tax and already planned tax changes.

Statistics on grain prices: in May 2024, prices decreased by $3.67 per ton to $1062.53. This is a decrease of $18.55 per week and $68.34 per month.

The record price was in May 2022 ($2368.81), and the minimum was in January 2024 ($973.99). New minimums were set in October, September, and June 2024.

In May, in the Moscow region, the demand for meat increased, prices rose by 15%, and customer interest grew by 40%.

In 2024, 105 thousand tons of meat were produced in the region, with beef up by 29.7%, pork up by 20.9%, and meat and poultry products up by 38.9%.

It is necessary to buy meat only with documents. Pork and chicken are popular for kebabs, and various marinades are used.

Sugar is an organic compound obtained from sugarcane and sugar beet. Its extraction began as early as 8,000 years BC in New Guinea. Later, the technology spread to Europe through the Arabs. In the 18th century, it was discovered that sugar can also be extracted from beets.

The cost of delivery in June 2024 has increased to 1099.69 dollars per ton (+6.88 dollars). In a week, the price has increased by 65.96 dollars, and in a month, by 65.49 dollars. This is the maximum observed price so far (the minimum being 822.35 dollars). The new price peak was recorded on April 26, 2024.

The first meta-analysis in the history of Science has shown that conservation measures reduce the risk of extinction for more than 44,000 species. Protected areas, invasive species management, and other actions improve biodiversity in 66% of cases.

Support for nature is becoming more important as ecosystems are of great importance for life on Earth.

Turkey and the UN are working on proposals for Russia to resume the grain deal. Putin is willing to return to the deal if Turkey fulfills its commitments. The deal was suspended on July 18 due to non-compliance with the terms.

Carrots require the correct balance of nutrients to avoid problems with root crops and yield. Grow carrots in soils with a pH of 6.0-6.5, use lime when necessary. Fertilize with complex fertilizers NPK, ash, and consider boron, nitrogen, and potassium at different stages. Harvest the crop using various methods, maintaining distances between plants to avoid competition for nutrients.