According to government data, record high temperatures in China in recent weeks and the lack of rainfall in the country's production areas will reduce the corn production.
According to a forecast by SovEcon, in 2024/25, Ukraine's wheat production will be 20.4 million tons (21.6 million tons in 2023/24), and corn production will reach 27.6 million tons (31 million tons).
According to a forecast by FAS USDA, in 2024/25, the corn production in Mexico will reach 25 million tons (22.7 million in 2023/24), and wheat production is expected at 2.8 million tons (+0.1).
As of June 20, 2024, 17,200 hectares of grain crops have been harvested in Ukraine, yielding 48,300 tons of grain with an average yield of 2.81 tons/hectare.
According to an FAO forecast, Morocco will import 7.5 million tons of wheat in 2024, a 19% increase compared to 2023, making it the sixth-largest importer in the world.
IKAR raises its forecast for the wheat production in Russia for 2024/25 by 0.5 million tons to 82 million tons. The total grain production is projected at 129.5 million tons.
SovEcon forecasts that Russia's grain production in 2024/25 will be 127.4 million tons (144.9 in 2023/24), including wheat production of 80.7 million tons (-13%), barley production of 18.6 million tons (-12%), and corn production of 14.6 million tons (-12%).
According to the latest forecast by FAS USDA, the wheat production in Bulgaria in 2024/25 will reach a record 6.9 million tons, which will be achieved with smaller areas, a reduction of 4% compared to 2023/24, and higher yields.
