Oil price drop: the minimum offer value will be reached by August 2024.

Export companies have set new prices for Russian wheat, which now amount to 14500 rubles per ton ($184).

Analysts note price fluctuations for the new crop from July to October 2024, with a minimum of 14750 rubles per ton ($167) and a maximum of 17900 rubles per ton ($186). The unstable financial situation could affect prices.

An accredited center has received a sample of wheat for analysis based on various criteria. Laboratory tests are being conducted to determine the grain quality, with established standards and limitations. The assessment of the 2025 harvest is being carried out in the Rostov region and the Republic of Kalmykia. State monitoring will be free of charge until October 10, 2025. The Federal State Budgetary Institution is preparing for the harvest and monitoring activities.

Harvesting has started in the Kuban region. Farmers have already harvested more than 35,000 hectares of grain, with plans to harvest 1.7 million hectares of winter crops. 40,000 machines, including 8,000 combines, are involved in the work.

The region annually produces more than 10% of the grain crop in Russia. In 2024, 13.8 million tons were harvested.

Forecasts of low sugar production levels in Cuba due to the economic crisis have caused difficulties for rum producers. Resumption of work is expected at only one of the 25 plants, and production volume will be significantly lower than the 2019 level. The decline began after the collapse of the Soviet Union.

The U.S. Department of Agriculture has released initial estimates of the soybean crop: only 5 states have not reached 60% in the "good" to "excellent" category. Iowa and Wisconsin are at 18% and 16% respectively. In Illinois, 48% of soybeans are in excellent condition, while in Iowa it's 63%. Iowa's weather conditions are favorable for soybean growth following May precipitation. Cold and dry weather in May slowed down crop development. An increase in temperature is expected in early June, which could improve crop prospects.

Putin has offered Turkey 1 million tons of grain for processing and shipment to countries in need. The deal could be financed by Qatar. Russia sees this as an alternative to the Black Sea deal, as its activity has been suspended. Discussions are also underway regarding the transportation of military cargo to Ukraine.

Since the beginning of the year, the export of agricultural products from Russia to China has increased by 8%, reaching $3.1 billion. It is expected that by 2030, the volume will exceed $11 billion. Russia is an important supplier of fish, oils, grains, and buckwheat to China. The export of pasta and alcohol is also increasing.

Service MARS has increased the forecast for grain yields in the EU, highlighting favorable conditions in the south, but expressing concern over dryness in the north.

The forecast for wheat is 6.05 t/ha, which is 9% higher than last year. Barley is projected at 5.23 t/ha, while maize is expected to reach 7.46 t/ha. The yield of rapeseed in 2025 is estimated at 3.17 t/ha.

The Russian government has extended the temporary ban on the export of live rice until the end of 2025 due to production problems following the accident at the hydropower plant. Exceptions to the ban include supplies to the Eurasian Economic Union and humanitarian aid.

A tariff quota has been introduced for the export of processed rice and cereals.

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In Kuban, a rich wheat harvest is being gathered. It is planned to start harvesting in early July using 12 combines and 13 trucks. The Gulkevichsky breeding farm is provided with fuel and materials for successful harvesting due to efficient land use.

In Tunisia, the harvest is successfully coming to an end. A total of 134,208 tons of grain have been collected, including 133,735 tons for consumption and 473,600 tons for seeds.

The wheat harvest is planned to be 1,350,000 tons and barley - 550,000 tons. Tunisia remains a major consumer of Russian wheat.

Land areas under oilseed crops in Russia have reached a historical maximum of 20 million hectares, with a harvest of 31-32 million tons. Producers are switching to sunflower, rapeseed, beans, reducing wheat and rye cultivation. It is expected that processing of oil crops and meal will increase.

Export of meal decreased by 10%, rapeseed meal increased, while soybean meal decreased.

The center of Rosselkhozbank has completed the Forum on the development of linseed production in Russia. The planting area will increase by 5%, reaching 1.753 million hectares, with a yield of up to 1.42 million tons.

This year, the export of linseeds has decreased by 15%, with China and Belgium leading in purchases.