- SovEcon has raised its forecast for Russia's 2024/25 wheat production from 80.7 million tons to 84.1 million tons, with yield increases across all regions. In the southern region, the production is expected to be 33.2 million tons, up from 31.5 million tons.

- Argus has lowered its forecast for Russia's new wheat production to 79.5 million tons, nearly 12 million tons less than in 2023/24. Winter wheat production is expected to reach 56.6 million tons with an average yield of 3.65 tons per hectare.

- According to IKAR data, Class 4 food wheat is being traded below 230 USD/ton in southern Russian ports.

- In May, Ukraine exported 79,700 tons of wheat to Turkey, significantly less than the previous year.

- StoneX predicts Brazil's corn production at 121.18 million tons, down slightly from the previous estimate of 121.78 million tons, with the second corn production expected at 92.9 million tons, down from 93.5 million tons.

- CIARA-CEC data indicates that Argentine farmers sold 3.8 million tons of soy in June, a 45% decrease compared to the previous year. The drastic drop is attributed to the significant disparity between the official and unofficial exchange rates in the country, currently at 45%.

- Argentina is preparing its first batches of corn for export to China, the first such export in 15 years. AgroConsult has raised its forecast for Brazil's second corn production from 96.7 million tons to 100.5 million tons.

- South Korea's FLC purchased 65,000 tons of corn for November delivery at a price of 235.99 USD/ton C&F.

- Today, July 4, 2024, Tunisia is seeking to purchase 50,000 tons of durum wheat with delivery between July and September.

- Jordan has purchased 60,000 tons of feed barley of unspecified origin at 217 USD/ton C&F, with delivery in late August. Other offers ranged from 224 to 226 USD/ton C&F.

- The new Mexican government will abandon the former president's plans to reduce imports of yellow corn.