At the beginning of November, grain stocks in Kazakhstan were 16.8 million tons, including 13.157 million tons of wheat, 2.252 million tons of barley, and 442,300 tons of corn.
From July 1 to November 7, 2023, the EU exported 10.2 million tons of soft wheat (down 26% from the previous year) and 43,700 tons of hard wheat (-83%). Major exporters of soft wheat include Romania with 2.8 million tons, France with 1.9 million tons, Poland with 1.8 million tons, Bulgaria with 0.9 million tons, and Lithuania with 0.9 million tons. Durum wheat exports are from France, totaling 34,100 tons. Major buyers of soft wheat are Morocco with 1.6 million tons, Nigeria with 1.1 million tons, Algeria with 0.8 million tons, South Africa with 0.6 million tons, and Saudi Arabia with 0.5 million tons. The import of soft wheat is 3.1 million tons, including 2 million tons from Ukraine.
The French Ministry of Agriculture forecasts a corn production in the country of 12.2 million tons in 2023 (compared to the October estimate of 11.78 million tons) and a wheat production of 35.15 million tons (35.1).
According to the French Ministry of Agriculture's estimate, the sunseed production in the country will reach 2.1 million tons in 2023/24, the highest level since 1990 (+19% compared to 2022/23). The soybean production will be 0.44 million tons (+16%).
As of November 12, 2023, winter wheat sowing in the United States has been completed on 93% of the planned areas (-2% compared to the previous season). 47% of the crops are in good and excellent condition (+15%), while 17% are in poor and very poor condition (32%). Corn harvesting is completed on 88% of the areas (92%), and soybean harvesting has been completed on 95% of the areas (96%).
Yesterday, Chicago commodity funds were net buyers of 9,000 corn contracts, 13,500 soy contracts, and 2,000 wheat contracts.
AgRural has reduced its forecast for the soybean production in Brazil for 2023/24 from 164.6 million tons to 163.5 million tons.
According to Oil World data for the July-September period, canola exports from Australia reached 4.6 million tons (+1 compared to the previous year). In September, exports were 368,000 tons, including 127,000 tons to the UAE and 124,000 tons to Japan.