According to the latest forecast by IKAR, the corn production in Russia for 2023/24 is expected to reach a record 17 million tons (up from the previous estimate of 16 million and compared to 15.8 million in 2022/23).
According to StoneX's forecast, recent rains in Australia have raised the estimate for the wheat production in 2023/24 to 26 million tons (compared to the previous estimate of 23 million tons).
Romania and Bulgaria are jointly demining the waters of the Black Sea around their coasts to ensure unimpeded access for Ukrainian ships carrying grain and other goods.
According to the Rosario Grain Exchange's forecast, wheat production in Argentina for 2023/24 is expected to reach 14.3 million tons (a decrease of 0.7 million tons from the previous estimate and 11.5 million tons).
