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Yield forecasts for corn, barley and sunflowers were cut in the EU’s latest Monitoring Agricultural Resources (MARS) report, published on Monday September 23.
The Russian wheat crop harvest was 83% complete in the week to Friday September 20, with the average yield dropping below the figure for the entire year of 2023 due to the Siberia, Ural and Volga regions remaining incomplete, according to data seen by Fastmarkets on Monday September 23.
Canada’s harvest progress continues, with all top growing regions now more than halfway done. Rain received in the recent week helped replenish top soil moisture, as reported in provincial reports released on September 16-17 and collated by Fastmarkets.
The USDA’s cattle on feed report released on Friday September 20 estimated the number of cattle in the nation’s feedlots at 11.2 million head on September 1, in line with market estimates and 1% above last year’s 11.13 million head.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
Russian wheat exports decreased on a weekly basis for second week in row, a Fastmarkets analysis showed on Friday September 20.
The Russian government slightly raised the wheat export duty and decreased the corn tariff for the September 25-October 1 period, the country’s agriculture ministry said in an official update on Friday September 20.
In its fourth forecast for the 2024 crop, trade association Coceral pegged wheat production, excluding durum, in the European Union’s 27 members (EU27) significantly lower at 114.92 million tonnes, compared with 126.38 million tonnes produced in 2023, the association announced on Friday September 20.
After an increase for the wheat output expectation in August, the figure was pushed back down again due to the return of dry weather, according to the September edition of Grain Industry of Western Australia (GIWA) report released on Friday September 20.
Ukraine’s grain export volumes fell to 682,000 tonnes in the week to September 19, down by 165,000 tonnes, or 19% from 847,000 tonnes in the preceding seven days, according to data released by the country’s State Customs Service on Friday September 20.
Canada's grain and oilseed exports rose by 57%, or 383,100 tonnes, in the week ended Sunday September 15, totaling 1.1 million tonnes, with gains in canola and wheat flows, according to data from the Canadian Grain Commission released late on Thursday September 19.
Corn planting progress in Argentina for the 2024/25 marketing year reached 7.1% of the projected sown area of 6.3 million hectares in the week to Wednesday September 18, according to the Buenos Aires Grains Exchange (BAGE) weekly crop report published on Thursday September 19.
Dry conditions in the Black Sea region in the week beginning Thursday September 19 will provide an ideal environment for harvesting late-season crops such as corn and sunflower. Elsewhere, challenges are expected to persist for growers in North America and South America, as well as parts of China and Australia, due to wetter and more unpredictable weather patterns.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
China’s corn and wheat imports in August fell to their lowest levels for several years, with the pace of buying in the country slowing after a frenetic phase of imports earlier this year, sources told Fastmarkets on Wednesday September 18.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
France's state-backed farm agency FranceAgriMer has cut its forecast for total wheat exports from France by some 4 million tonnes, to 10.1 million tonnes, down by 39.2% from 16.6 million tonnes of exports in the 2023/24 marketing year.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
European Union weekly wheat exports amounted to 482,744 tonnes in the seven days to Sunday September 15, according to initial data from the European Commission on Tuesday.
The Russian wheat crop harvest was 78% complete in the week to Monday September 16, out of the 29.8 million hectares planned for the 2024/25 campaign, according to data seen by Fastmarkets on Tuesday, but heavy rainfall in some regions poses a threat to future harvests.