Browse Data and Analysis

Corn leads the charge with exports forecast at 37 million tons, the third highest in history as farmers return in force following the MY2023/24 corn stunt or chicharrita setback.

Five months into MY2024/25 the situation and outlook for the UK grain sector is starting to become clearer. Significant wheat opening stocks have partly offset concern surrounding the second smallest wheat harvest since MY1999/2000, but even the current momentum in imports means the wheat balance is looking tight.

Argentine wheat production in marketing year (MY) 2024/2025 is estimated at 18 million tons (MMT) with exports (including wheat flour in its wheat equivalent) at 12 million tons, slightly above USDA official.

The UK is forecast to have one of the lowest grain crops on record in MY 2024/25 following challenging winter planting conditions, a very wet winter, and continued rains now disrupting crop management and spring plantings. Not only is this expected to significantly reduce the planted area, but also average yields.

Argentine wheat production in marketing year (MY) 2024/2025 is forecast at 16.8 million tons, 1 million tons higher than the previous weather-affected season. Exports are projected to remain practically flat at 10 million tons (including wheat flour in its wheat equivalent.

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...

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.

Improved weather forecasts are expected to lead to recoveries in grain production in Argentina. However, continued dry conditions are projected to limit planting of wheat and rice.

MY 2022/23 has been overshadowed by the developments in Ukraine. However, high UK grain prices supported planting despite high input prices, especially for fertilizer and fuel.

Post estimates Argentine wheat production to rebound to 19.5 million metric tons (MMT) in marketing year (MY) 2023/24, resulting in wheat exports of 13.7 MMT (including wheat flour as its wheat equivalent).

Wheat exports for marketing year (MY) 2022-2023 are forecast at 6.2 million tons (including wheat flour), 1.3 million tons lower than USDA’s official volume because of smaller beginning stocks, larger domestic consumption and larger ending stocks.

Due to dry conditions, Argentine wheat production for marketing year (MY) 2022/23 is forecast down at 15.5 million metric tons (MMT), 2 MMT lower than the official USDA estimate. As a consequence wheat exports are lowered to 10 MMT. Barley exports for MY 2022/23 are also forecast down at 3 MMT, 500,000 MT lower than official USDA projection as result of lower production and slower farmer selling.