Yesterday, the Egyptian state company GASC held an auction to purchase milling wheat for delivery between November 25 and December 5, 2024, or between December 6 and December 15, 2024.
In September, 5.07 million tons of soybeans were processed in the United States, which is below forecasts, but 11.31% more than in August and 6.72% more than the record in September 2023.
Oil World forecasts that in 2024/25, the supply of 17 major oils worldwide will increase by 1.6 million tons compared to the 8.8 million tons in 2023/24.
Strategie Grains has once again lowered its forecast for the EU sunseed production in 2024/25 from 8.9 million tons to 8.8 million tons, which is 11% less than in 2023/24.
According to FranceAgriMer data, as of October 21, 2024, 21% of winter wheat planting in France was completed (+11% over the week and 47% of the five-year average).
As of October 24, 2024, 94% of sunseed areas in Ukraine have been harvested, yielding 9.54 million tons of production with an average yield of 2.46 tons per hectare.
The unseeded area for winter crops in Russia may reach 1.5 million hectares out of the planned 20 million hectares. The grain production in 2025 is not expected to exceed 120 million tons.
According to a forecast by FAS USDA, Saudi Arabia's wheat imports in 2024/25 are expected to reach 4.25 million tons (compared to 4.16 million tons in 2023/24).
IKAR forecasts Russia's wheat production for 2024/25 to be between 81 and 85 million tons, leaning towards 85 million tons (compared to 81.8 million in 2024).
