Conab has lowered its forecast for the 2023 wheat production in Brazil by 15% due to heavy rainfall in the south, reaching 8.14 million tons, still the second-highest result in history after the record in 2022 – 10.55 million tons.
According to IKAR's forecast, the wheat production in Russia is expected to reach 92 million tons in 2024, and the total grain production is projected to reach 145 million tons.
In November, Russia exported 3.9 million tons of grain, including 2.9 million tons of wheat (down 32% compared to October and 21% compared to November 2022).
During the period from November 1 to November 24, grain exports by sea from Ukraine amounted to 2.1 million tons, including 740,000 tons through Danube ports and 1.4 million tons through sea ports.
According to information from the market, the delivery of several batches of French wheat purchased by China has been postponed from December 2023 to March 2024.
