All news - Incubator

The construction of a grain terminal is planned in the Nikolaev region with a capacity of 10,000 tons per day. The terminal will accept grain from trucks and railway transport, then transship it onto barges and bulk carriers. The terminal will have unloading lines, machines for cleaning and drying the grain, as well as silos for 40,000 tons. The construction is planned to be completed in 24 months.

On the domestic wheat market, prices have increased: by 300 rubles in the southern regions, by 100 rubles in the central region, by 150 rubles in the Volga region, and by 250 rubles in Siberia.

The export of Russian wheat in October has dropped to 215-217 dollars FOB due to the increase in prices for other types of wheat. The wheat export forecast is reduced to 5.35 million tons in September, with an expected 4.4-4.8 million tons in October.

In Chuvashia, the harvest of 99.5% of grain on 275 thousand hectares has been successfully completed. The yield was 28.1 c/ha, with a total of 773.9 thousand tons of grain harvested.

Currently, the harvesting of technical crops is underway on 44.5 thousand hectares. 4.5 thousand hectares are allocated for potatoes, with 3.5 thousand hectares already harvested. The sowing of winter crops on 78 thousand hectares has begun. (Source: Ministry of Agriculture of Chuvashia)

The AAFC forecasts bring good news for the canola industry in Canada: production in 2024/25 is expected to reach 19 million tonnes, domestic consumption will increase to 12.2 million tonnes, and ending stocks will amount to 2.5 million tonnes.

Louis Dreyfus Co. has introduced a new collection of specialized feeds made from fermented soybean meal in China. The new line promises to increase protein content, improve taste, and digestibility of the feed. The use of innovative technology makes the product competitive.

It is forecasted that the buckwheat crop will decrease this year, while the rice crop will increase. Weather conditions impact production. Specialists anticipate an adequate amount of produce for consumers. Overall, a successful harvest is projected, despite some challenges, especially in Altai.

The price for potatoes and vegetables is 16.38 rub/kg. Social institutions need 2,000 tons of potatoes and 1,500 tons of vegetables from 2024 to 2025. Deliveries continue according to the schedule.

Кsenia Shevelkina and the Deputy Prime Minister of the Republic of Bashkortostan, Ilschat Fazrahmanov, visited the construction site of the "Youth" microdistrict in Chekmagushe for 212 million rubles.

They opened a school with 198 seats, a hemp processing workshop, an agricultural class, and a greenhouse complex. The hemp fiber is exported to China.

The cost of deliveries for March 2025 has decreased to $960.00 per ton (previously $980.00).

The price rose by $35 in the following week.

The record high price per ton of March delivery is $2290.00 (03/17/2022), while the lowest was $655.00 (11/27/2018).

Turkey proposes to extend the grain deal with Ukraine for a year, receiving guarantees of non-military use of the security corridor in the Black Sea. The Minister of Defense of Turkey hopes for a peaceful resolution of the conflict between Russia and Ukraine.

Russia confirmed participation in the deal after guarantees from Ukraine, while reserving the right to withdraw.

The grain producer "ProZerno" has reduced the forecast of the harvest in Russia by 123.6 million tons, which is lower than last year. Export may decrease by 22-23 million tons, which could lead to a zero quota. Wheat will remain in demand, but corn and barley will be the least demanded.

USDA FAS Forecast: In Egypt, by 2024/25 wheat production is expected to increase to 9.2 million tons due to higher yields and expanded acreage. Imports are forecasted at 12.5 million tons, driven by the strong currency, encouraging imports and easing port congestion.