According to Abares, the wheat production in Australia will reach 29.1 million tons in 2024/25 (+12% compared to 2023/24), barley production is expected at 11.5 million tons (+7%), and canola production is estimated at 5.4 million tons (-5%).
The Russian Grain Union has lowered its forecast for the 2024/25 grain production in Russia to 130.9 million tons (down from 134.2 million tons in the previous estimate).
The planting of wheat for the 2024/25 season in Argentina started two weeks late. As of May 30, 2024, 601,400 hectares have been sown (9.7% of the plan and 20.2% of the average for the last five years).
Safras&Mercado has lowered its forecast for the corn production in Brazil for 2023/24 to 123.31 million tons (126.13 million in April and 140.06 million in 2022/23).
The Ukrainian Grain Association has lowered its forecast for the grain and oilseeds production in Ukraine for 2024/25 by 1.5 million tons to 74.6 million tons (down from 82.8 million tons in 2023/24).
According to the forecast by APK – Inform for 2024/25, Ukraine will process 750,000 – 800,000 tons of rapeseed, which is 20 – 23% less than in 2023/24.
