Yesterday, Egypt attempted to purchase 3.8 million tons of wheat, taking advantage of low prices on international markets. In the end, only 280,000 tons were purchased.
According to a StoneX forecast, Brazil's soybean production in 2024/25 will be 165 million tons, setting a new record for the country (149 million tons in 2023/24).
According to a forecast by Rusagrotrans, wheat exports from Russia in August will be 4 – 4.5 million tons (5.4 million in August 2023 and an average of 4.9 million in recent years).
