According to a forecast by Rusagrotrans, wheat exports from Russia in August will be 4 – 4.5 million tons (5.4 million in August 2023 and an average of 4.9 million in recent years).
The Ukrainian Grain Association has lowered its forecast for Ukraine's 2024 grain and oilseed production to 71.8 million tons (-2.8 compared to the previous estimate and 82.8 in 2023/24).
Over the past week, the United States has started harvesting spring wheat, with 1% of the crops harvested (2% a year earlier and 3% average over the past five years).
After a 3,500-kilometer tour across the prairies of Canada, MarketsFarm forecasts an average durum yield of 44 bushels per acre (2.959 tons per hectare) for 2024/25, which is 18 bushels per acre (1.2) more than in 2023/24.
According to a forecast by the operator Brava Invest, grain exports from Ukraine in 2024/25 will reach 46.2 million tons (compared to 61.7 million tons in 2023/24).
During the period from July 1 to 20, Russia exported 2.825 million tons of grain, a decrease of 31.4% compared to 4.115 million tons in 2023/24. This included 2.228 million tons of wheat (-23.8%), 404,000 tons of barley (-48%), and 192,000 tons of corn.
According to a forecast by IKAR, in 2024/25, Russia will reduce its flour exports to 550,000 tons, which is a decrease of about 50% compared to 2023/24, when it was 1.1 million tons.
