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Marketing year 2023/2024 wheat production is expected to drop sharply to around three-quarters of last year’s level as a result of the June drought and excessive rains in the fall of 2023 that affected Kazakhstan’s major grain producing Northern region.
Argentine wheat production for marketing year (MY) 2023/2024 is estimated at 15.4 million tons, 400,000 tons higher than USDA official as yields were higher in the final phase than earlier expected. Corn production for MY 2023/2024 is projected at 57...
Wheat, corn, and barley production in MY 2023/24 are forecast at or near record levels due to favorable weather during much of the growing season. Consequently, import demand for these three grains is projected lower year-to-year. Similarly, rice...
Based on below average rain and soil moisture conditions, Post projects lower than average wheat and barley production for the 2024/25 season. As a result, Post projects wheat imports to remain elevated. Post 2023/24 wheat import estimate aligns with...
Ukraine’s MY2023/24 harvest features higher grain production volumes across the board than the previous year. By the end of 2023, Ukraine independently resumed operations of its major marine ports on the Black Sea, Chornomorsk, Odesa, and Pivdennyi...
Corn and wheat production for marketing year (MY) 2023/2024 are forecast lower based on less planted area and unfavorable weather conditions. Rice and sorghum production are forecast to increase.
Heavy rainfall in late summer led Post to increase Marketing Year (MY) 2023/24 corn production upwards by 4.2 percent. Post estimates corn feed and residual use at 223 Million Metric Ton (MMT) due to decreasing feed demand and low corn prices.
The Government of Morocco continues to support the import of 2.5 million MT of common wheat based on a fixed flat-rate premium. This measure is valid from January 1st, 2024, until April 30th, 2024, and it intended to maintain low bread prices in the...
El Niño conditions for Australia remain present, but this has been pushed aside in late spring and early summer after the eastern states received above-average rainfalls. This situation has prompted a rise in the sorghum production forecast for MY 2023/24 to 1.8 million metric tons (MMT), and the rice production forecast remains strong at 522,000 metric tons (MT) with the support of ample irrigation water.
Jordan’s MY 2023/24 wheat imports are forecasted to reach 1.25 million MT -- with Ukraine, Romania, and Russia dominating wheat imports in the first seven months of calendar year 2023.
Extreme weather conditions across the EU reduced grain production projections in MY 2023/24, although production is still anticipated to exceed MY 2022/23 levels. EU grain export expectations have deteriorated based on third country competition in...
South Africa’s sorghum imports are expected to be elevated over the next two marketing years on lower production coupled with lower stocks as production continues to decline. Sorghum production in South Africa dropped over the past two decades as...