Wheat - Incubator

Grain prices on exchanges on 30.05.24:

Corn -6.50 ¢/bsh ($448.75)

Wheat SRW -11.75 ¢/bsh ($681.00)

Wheat HRW -10.25 ¢/bsh ($709.50)

Wheat HRS -10.00 ¢/bsh ($742.00)

Oats +1.25 ¢/bsh ($385.75)

Rough rice -0.01 usd/cwt ($17.83)

In the Volgograd region, the area of second sowing will be increased by 190.7 thousand hectares after the death of agricultural crops due to frosts.

According to the previous indicator - 1.340 million hectares, 30 thousand hectares more have been sown than last year.

Substitute planting is planned for 190.7 thousand hectares of spring, technical, and fodder crops.

In North Ossetia, a greenhouse complex is planned to be built for growing tomatoes, which will increase production to 19,000 tons by 2026. The investments will amount to 15 billion rubles, and 860 jobs will be created. The company "Alania" intends to compete with importers, especially during the winter.

India plans to resume wheat imports from Russia after 6 years to stabilize prices due to crop failure. The market may also start importing chickpeas and other grains. India has increased agricultural imports from Russia by 76% to $572 million in the 1st quarter.

Vice director of Rosselkhoztsentr Natalia Shmeleva gave advice on determining plant damage. She recommends replanting crops if there are less than 250 stems per square meter, and using local sunflower seeds in case of damage.

Tajikistan has been fighting locusts for 10 years already.

The problem involves chemical treatments, and the use of drones is proposed for effective control and minimization of impact on the environment.

International cooperation will help strengthen the country's resilience against insect pests.

Favorable rains in Georgia will lead to a 20% increase in wheat harvest in 2024, up to 180,000 tons. The planned harvest is scheduled for the coming weeks. The media shared data from the Grain and Flour Association of Georgia. Weather will be a key factor.

The USDA analysis showed that 48% of cropland in the US has good crops, which is 1% less than a week ago, but better than a year ago (34%).

Spring wheat crops have increased to 88%, compared to 79% last year. Corn and soybean plantings are also lower than last year but correspond to the average indicators of previous years.

Vladimir Putin has stated that without an extension of the "grain deal," Russia will supply grain to African countries for free. The volumes will be the same as before. The deal is agreed for 60 days taking into account the needs of African countries. Russia emphasized the importance of complying with the requirements.

The meeting of the operational headquarters in Stavropol discussed preparations for the harvest. Agricultural areas were inspected by a team of politicians and experts. In the conditions of drought, experienced wheat varieties are being grown. The harvest is ready for collection earlier than usual. A decrease in the gross grain harvest is predicted due to the drought. Funds are planned to be allocated to induce precipitation.

The head of the regional Duma expressed the need to simplify legislation in the field of plant breeding. Government support for the region's farmers amounts to 40% of the planned support.

Agricultural enterprises in the Krasnodar region will start harvesting earlier - in the first decade of June. Winter wheat occupies 1.6 million hectares out of the total area of 2.5 million. It is planned to harvest 14 million tons of crop, despite unfavorable weather conditions. Small frosts damaged sugar beets, corn, soybeans, and sunflowers.

Governor Vladimirov visited a scientific agricultural center in the North Caucasus, where he inspected wheat crops. He set a task to provide the region with seeds of agricultural crops taking into account the climate. He then evaluated the crops in a collective farm where 2300 hectares of winter cereals were sown. Harvesting will begin in June on 2.4 million hectares of grains. The governor noted the active development of crop insurance and land reclamation.