Forecasts of the agricultural market: wheat exports from Russia remain at the level of 48 million tons, while the corn harvest is reduced.

According to @usda report, the forecast for wheat harvest in Russia remains at 83 million tons. Export forecasts stand at 48 million tons. The corn harvest forecast has been reduced to 13.5 million tons, with exports at 3.8 million tons. The EU has reduced wheat export forecasts by 2.5 million tons. Ukraine has increased its wheat export forecast. Kazakhstan has kept the wheat harvest forecast at 16 million tons. The global wheat harvest forecast has been lowered to 796.88 million tons, feed grain - to 1.50245 billion tons, and for corn - 1.21857 billion tons. Minagri USA does not include data for Crimea and new territories.

5 November 2024

The United States Department of Agriculture in its latest report kept the previous forecast for wheat production in Russia for the current agricultural year (July 2024-June 2025) at 83 million tonnes, as well as estimated carryover stocks at 6.74 million tonnes.

Forecasts for wheat exports from Russia remained unchanged at 48 million tonnes.

However, the forecast for corn production was reduced to 13.5 million tonnes (compared to the previous report of 14.1 million tonnes). Corn exports were also revised to 3.8 million tonnes, with carryover stocks at 0.31 million tonnes.

Grain feed production was reduced from 37.4 million to 36.8 million tonnes, with exports estimated at 8.1 million tonnes (compared to the previous 8.48 million tonnes), and carryover stocks at 1.06 million tonnes.

Wheat export forecasts for Russia's main competitor, the European Union, decreased by 2.5 million tonnes and are now estimated at 31.5 million tonnes. Wheat production forecasts in the EU were also reduced by 4 million tonnes, with an expected harvest of 124 million tonnes.

Ukraine, on the other hand, increased its wheat export forecasts from 14 to 15 million tonnes. The wheat harvest forecast also grew to 22.3 million tonnes, with carryover stocks at 1.09 million tonnes. Corn harvest and export forecasts remained unchanged at 27.2 million tonnes and 24 million tonnes, respectively.

Wheat harvesting forecasts in Kazakhstan remained unchanged at 16 million tonnes. Exports also remained at the same level – 10.5 million tonnes. Carryover stocks are estimated at 2.83 million tonnes.

The global wheat harvest forecast for the current agricultural year was reduced to 796.88 million tonnes (by 1.4 million tonnes), while the forage crop was reduced to 1 billion 502.45 million tonnes (compared to 1 billion 504.29 million tonnes in the previous report), with corn production and export forecasts at 1 billion 218.57 million tonnes, respectively.

It is important to note that the USDA does not include data on Crimea and new territories in its forecasts.

Using a special form, you can send us news, which will then be included in the news section of the site and in the digest.

Articles sent 214

Submit your article

Source: Forkagro.com

All information on the site is for personal use only

Forecasts of the agricultural market: wheat exports from Russia remain at the level of 48 million tons, while the corn harvest is reduced.

Nigeria, Morocco, and the UAE are leading in the import of grain from Russia in the 2024/2025 season, showing an impressive growth in purchases.

"Volgograd region is increasing vegetable production in greenhouses: investments, new varieties, prizes at the exhibition."

In Russia, they are sowing winter seeds for the year 2025: "Scepter" is the leader among wheat varieties, "Siberia" - in rye.

Production of baby food in the Lipetsk region is growing: dairy products by 23.8%, meat products by 11.1%, oils have increased by 8.7%, and soybean oil by 78.1%.

The First Global Summit on Bioeconomy in East Africa: Towards Sustainable Bioeconomic Solutions.

Agricultural producers of the Stavropol region have successfully completed the sowing of grain crops in unfavorable weather conditions.

Chinese capital in the agricultural sector of Primorsky Krai: 81 enterprises and prospects for cooperation.

The grain harvest in the Amur region is coming to an end: more than 147,000 hectares and 413,000 tons of grain have been harvested, announced the governor.