Browse Data and Analysis

Argentine wheat production in marketing year (MY) 2023/24 is expected to drop to 14.5 million tons, 2 million tons below USDA’s official volume due to a dry environment in a vast area of the country.

The General Food Security Authority (GFSA), an agency of the Saudi Ministry of Environment, Water and Agriculture (MEWA), purchased approximately 1.2 million metric tons (MMT) of locally produced wheat in MY2022/23.

Owing to improved weather conditions, Turkey’s grain production in marketing year (MY) 2023/24 is forecast to reach a record 36.0 million metric tons (MMT).

The U.S.-Japan Trade Agreement (USJTA) entered Year 5 of the agreement implementation on April 1, 2023.

Post forecasts China's MY2023/24 grain feed and residual use to increase slightly and corn production also slightly higher due to a larger planted area and improved yields.

Post estimates marketing year (MY) 2023/24 wheat consumption to decrease to 4.5 million metric tons (MMT) or 10 percent from USDA's official estimate.

FAS/Tokyo estimates lower MY2023/24 rice production in Japan as extremely high temperatures and little rain are expected to lower yield and quality.