On January 30, 2024, soyoil futures on the Dalian Commodity Exchange (May contract) decreased by 3.8% to 1,003.79 USD/ton, reaching the lowest level in the last 7 months.
According to the assessment of the Egyptian government, deliveries of Russian wheat to the country reached 7.5 million tons in 2023, compared to 5.4 million tons five years earlier.
According to data from Rusagrotrans, approximately 3.7 million tons of wheat will be exported from Russia in January (compared to 4.26 million tons in January 2023).
According to SovEcon's forecast , the wheat production in Russia is expected to reach 92.2 million tons in 2024, which is 0.9 million tons more than the previous estimate.
During the period from January 1 to January 21, grain exports from Russia reached 2.6 million tons, representing a decrease of 24.5% compared to the previous year.
The European Commission has allowed Poland, Hungary, Bulgaria, Romania, and Slovakia to limit the import of agricultural products from Ukraine to stabilize their domestic markets.
According to Strategie Grains' forecast, the soft wheat production in the EU for the 2024/25 season is expected to reach 124.8 million tons. This is 2.1 million tons less than the December estimate but 1.1 million tons more than the production in 2022/23.
