Refinitiv Commodities Research forecasts the wheat production for the 2023/24 season in Australia to be 23.1 million tons (-1 compared to the previous forecast and -16.6 compared to 2022/23).
As of November 7, 2023, in Ukraine, 4.386 million hectares have been sown with grain crops, including 3.867 million hectares of wheat, 442,000 hectares of barley, and 76,000 hectares of rye.
In their November report, StoneX forecasts a corn production in the United States of 388.7 million tons (388.2 in the previous estimate) with an average yield of 175.7 bushels per acre (175.5).
During the period of October 1 to October 30, grain exports from Russia amounted to 5.35 million tons (-15% compared to October 2022), including 4.753 million tons of wheat (-15%), 299,500 tons of corn, and 270,000 tons of barley.
According to the forecast by Rusagrotrans for 2023/24, corn production in Russia is expected to reach 17.6 million tons (+1.6 compared to the previous estimate and 15.85 in 2022/23).
