The total agricultural land area in Russia in 2024 will be 84.5 million hectares, which is 0.3 million hectares more than in 2023. Out of these, 20 million hectares are planted with winter crops, and 96% of them are currently in good or excellent condition.

In 2023, the barley production in Kazakhstan reached 2.61 million metric tons net weight, a decrease of 20.5% compared to 2022.

According to USDA data as of January 28, 2024, 54% of winter wheat crops in Kansas are in good or excellent condition (+11% from December and +21% from the previous year), as well as 63% of the crops in Colorado (+2% and 38%), 75% of the crops in Illinois (+20% and 69%), 85% of the crops in Connecticut (+11% and 66%), 69% of the crops in Nebraska (+19% and 22%), 60% of crops in North Dakota (+10% and 41%), 41% of the crops in Montana (-2% and 16%), 72% of the crops in North Carolina (-13% and 81%), 63% of the crops in Oklahoma (-4% and 17%), 53% of the crops South Dakota (-1% and 22%) and 42% of the crops in Texas (-7% and 14%).

Analysts expect soybean processing in the United States in December 2023 to reach a record monthly level of 6.18 million tons, which is 10% more than in December 2022. The all-time record was set in November 2023, slightly above expectations for December.

According to Anec data, Brazil exported 2.5 million tons of soybeans in January (1.3 in forecasts and +0.6 compared to January 2023). Soymeal exports met expectations at 1.8 million tons (1.4), corn exports were 3.5 million tons (4.9), and wheat exports reached 0.69 million tons (0.65), the highest level in the last year.

According to the Ministry of Agriculture of Argentina as of January 24, 2024, farmers in the country have sold 18.6 million tons of soybeans from the 2022/23 crop (50.7 a year earlier) and 5.1 million tons from the 2023/24 crop (3.1). Corn sales are 49.9 million tons (50.7) from the 2021/22 crop, 31.3 million tons from the 2022/23 crop (45.7), and 9.8 million tons from the 2023/24 crop (7.1).

The government of Argentina abandons plans to increase export taxes on agricultural crops. The current tax for wheat is 12% (15% planned), and for soyoil and soymeal, the export tax is 31% (33%).

Bangladesh is looking to purchase 50,000 tons of milling wheat of unspecified origin. The best bid price is 303.19 USD/ton C&F, with other proposed prices ranging from 307.07 to 315 USD/ton C&F.

The Turkish Grain Board (TMO) conducted a tender for the sale of 150,000 tons of hard wheat with delivery between February 19 and March 15, 2024. The sale prices are within the range of 354.1 to 404.80 USD/ton FOB.