Wheat

FAS Tel Aviv (Post) forecasts Israel’s wheat imports to reach 1.70 million metric tons (MMT) in marketing year (MY) 2023/24, a 2.8 percent decrease from Post’s MY 2022/23 figure.

Due to continued elevated agricultural input costs, Mexico’s corn production in marketing year (MY) 2023/24 is forecast at 27.4 million metric tons (MMT), unchanged from the year prior. Lower than expected planting intentions data accounts for slightly lower rice and wheat production forecasts.

MY 2023/24 corn production is anticipated to increase roughly 3 percent to 6.1 million metric tons (MT) as more farmers switch to corn production in response to high prices. Post anticipates production will remain below historical levels due to high fertilizer prices and fall army worm outbreaks.

Private exporters reported the following sales activity: 150,000 MT of hard red spring wheat for delivery to Iraq during MY 2022/2023 and 1,866,900 MT of corn for delivery to Mexico - 1,242,060 MT during MY 2022/2023 and 624,840 MT during MY 2023/2024.

Ukraine is one of the world's top agricultural producers and exporters and plays a critical role in supplying grains and oilseeds to the global market.