According to a government forecast, grain production in Russia will reach 130 million tons.

In Kazakhstan, 12.6 million tons of grains and oilseeds have been harvested, which is 72.7% of the planned amount, including 11.7 million tons of grain and 352,700 tons of oilseeds.

Yesterday, Chicago commodity funds were net sellers of 3,000 wheat contracts, 1,000 corn contracts, and were neutral towards soybeans.

According to data from Anec, during the week of September 24 - 30, Brazilian ports exported 1.93 million tons of soybeans, and for the entire month of September, the total reached 6.23 million tons (compared to 7.61 million in August and 3.59 million in September 2022). Soybean exports in October are expected to be 6.7 million tons (compared to 3.6 million in October 2022). Corn exports in September reached 9.59 million tons (compared to 9.26 million and 6.85 million), and for October, they are expected to be 8.9 million tons.

Argentina needs rainfall to avoid a serious decline in the wheat production for 2023/24 and to complete the planting of early corn crops. According to a forecast from the Rosario Grain Exchange, Argentina's wheat production in 2023/24 is projected to reach 15 million tons, and corn production is expected to reach 56 million tons.

Due to drought and low commodity prices in Australia, the average income for a relatively large farm in the country will reach AUD 125,000 in 2023/24, compared to the record AUD 222,000 in 2021/22, according to a forecast by Abares.

Thailand has purchased 60,000 tons of feed wheat from the Black Sea region at a price of 265.80 USD/ton, with delivery scheduled for January.