World market - Incubator

Grain prices as of December 20, 2024:

Corn on CBOT rose to 446.25 ¢/bsh, wheat SRW costs 533.00 ¢/bsh, HRW on KCBT - 544.75 ¢/bsh, HRS on MGE - 590.25 ¢/bsh, oats on CBOT - 351.25 ¢/bsh, rough rice - 14.07 usd/cwt.

In 2024, fruit production in the gardening industry of Stavropol doubled, reaching 87.3 thousand tons. The industry actively implements intensive cultivation methods, with special attention given to apple trees. New support measures for gardening will improve the quality of products and meet the demand.

In Malaysia, supplies of Russian wheat have been resumed after a three-year break. This is due to its high quality, reasonable price, and demand in the region. Russian products successfully compete in external markets, including Malaysia. Purchases of wheat have increased for the first time in three years.

The US Department of Agriculture has not changed the forecast for wheat harvest in Russia - 83 million tonnes. Wheat exports from Russia will remain at 48 million tonnes, while the forecast for corn production has been reduced to 13.5 million tonnes. Forecasts for Ukrainian and Kazakh wheat remain unchanged. The global wheat harvest forecast has decreased to 796.88 million tonnes.

Prices for sugar have remained stable due to low demand and fluctuations in the exchange rate of the ruble. High global prices and inflation may stimulate price growth, but excess production and high rates keep prices in check.

Sugar exports have decreased, but Russian raw materials have found demand, compensating for the losses. The total export volume in November amounted to 125 thousand tons.

In November 2024, the FAO Food Price Index rose by 0.5% to 127.5 points. The increase was driven by rising prices for oil and dairy products, overcoming the decline in prices for meat, grains, and sugar.

The sugar price index decreased by 2.4% to 126.4 points, with the decline attributed to sugar processing in India and Thailand, as well as the harvest in Brazil after the rains.

Russia has increased its grain exports to Indonesia to $273 million for January-August. Wheat supplies grew by 4.3 times, reaching 964 tons. Russia ranks 5th among wheat suppliers, behind Australia, Canada, Ukraine, and Argentina.

The volume of barley exports from Russia decreased to $3.2 million.

Grain quotes on exchanges on December 11, 2024: corn on CBOT decreased by 2.50 ¢/bsh, SRW wheat increased by 1.50 ¢/bsh, HRW on KCBT increased by 1.50 ¢/bsh, HRS on MGE remained unchanged, oats on CBOT rose by 3.50 ¢/bsh, rough rice on CBOT fell by 0.06 usd/cwt.

On December 12, 2024, prices on grain exchanges changed:

• Corn (CBOT) -6.25 ¢/bsh
• Wheat (CBOT) -4.75 ¢/bsh
• Wheat (KCBT) -4.50 ¢/bsh
• Wheat (MGE) unchanged
• Oats (CBOT) +4.50 ¢/bsh
• Rough rice (CBOT) -0.03 usd/cwt

The USDA has not changed its forecast for wheat harvest in Russia (83 million tons), but reduced reserves by 1 million tons. The forecast for wheat exports remains at 48 million tons. The forecast for corn harvest has been lowered to 15 million tons. The forage production has been reduced to 39.23 million tons. EU exports - 34.5 million tons, Ukraine - 13 million tons, Kazakhstan - 10.5 million tons. Global forecast: wheat - 796.19 million tons, forage - 1.51238 billion tons, corn - 1.22479 billion tons.

The prices for corn on the CBOT exchange rose to 430.75 ¢/bsh (+1.00%), the prices for soft wheat decreased to 542.50 ¢/bsh (-0.78%), for hard wheat HRW increased to 537.25 ¢/bsh (+0.23%), for oats fell to 336.75 ¢/bsh (-1.39%), for rough rice - to 15.09 usd/cwt (-0.46%).

World grain prices have fluctuated: wheat on CBOT increased to 542.50 cents/bushel, on KCBT - to 537.25 cents/bushel, on MGE - decreased to 568.50 cents/bushel. Corn on CBOT rose to 430.75 cents/bushel, rice - $15.09 per hundredweight.

In Russia, prices have also risen: wheat to $234, barley to $197.80, corn to $227.20 per ton.