Over the past week, the United States has started harvesting spring wheat, with 1% of the crops harvested (2% a year earlier and 3% average over the past five years).
After a 3,500-kilometer tour across the prairies of Canada, MarketsFarm forecasts an average durum yield of 44 bushels per acre (2.959 tons per hectare) for 2024/25, which is 18 bushels per acre (1.2) more than in 2023/24.
According to a forecast by the operator Brava Invest, grain exports from Ukraine in 2024/25 will reach 46.2 million tons (compared to 61.7 million tons in 2023/24).
During the period from July 1 to 20, Russia exported 2.825 million tons of grain, a decrease of 31.4% compared to 4.115 million tons in 2023/24. This included 2.228 million tons of wheat (-23.8%), 404,000 tons of barley (-48%), and 192,000 tons of corn.
According to a forecast by IKAR, in 2024/25, Russia will reduce its flour exports to 550,000 tons, which is a decrease of about 50% compared to 2023/24, when it was 1.1 million tons.
On July 18, 2024, the Egyptian state company GACS purchased 20,000 tons of sunseed oil at a price of 1,013.99 USD/ton with delivery from September 1 to 15.
