According to StoneX's forecast, recent rains in Australia have raised the estimate for the wheat production in 2023/24 to 26 million tons (compared to the previous estimate of 23 million tons).
Romania and Bulgaria are jointly demining the waters of the Black Sea around their coasts to ensure unimpeded access for Ukrainian ships carrying grain and other goods.
According to the Rosario Grain Exchange's forecast, wheat production in Argentina for 2023/24 is expected to reach 14.3 million tons (a decrease of 0.7 million tons from the previous estimate and 11.5 million tons).
According to Russagrotrans' forecast, corn production in Russia in 2023/24 will reach 16 million tons (an increase of 0.6 million compared to the previous estimate). Wheat production is projected at 92.55 million tons (a decrease of 0.3 million), and barley production is estimated at 20.94 million tons (a decrease of 0.2 million).
