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).
As of October 26, 2023, Ukraine has harvested 8.85 million hectares of grain crops (81% of the total area), with a total of 43.37 million tons of grain harvested at an average yield of 4.9 tons per hectare.
The government of India is considering the removal of import duties on wheat in the country. India's annual wheat consumption is about 108 million tons.
A delegation representing soybean importers from China, during their visit to the United States, signed an agreement with the U.S. Soybean Export Council.
According to the latest forecast by IKAR, the corn production in Russia for 2023/24 is expected to reach a record 17 million tons (up from the previous estimate of 16 million and compared to 15.8 million in 2022/23).
