Wheat News - 01 Oct 2024

Argentina - Drought Threatens Crops With Buenos Aires Receiving Just 22.9 Mm
Argentina - Argentine Government Projects 7-8% Wheat Increase This Harvest
Bolivia - Bolivia Distributes 1.5 Million Quintals Of Flour To Bakers
Brazil - Brazil Wheat Harvest Nears Record With 4.18M Imports In 2023
Brazil - 31St International Wheat Congress From October 23-25 In Foz
Canada - New Rail Deal Could Generate $69.6 Million, Create 195 Jobs
Chile - Producers Face 15-Year Low Grain Prices Amid Weak Demand
USA - Soybean Prices Down 0.68% To $10.5850 In Chicago
USA - Wheat Rises 2.3% To $5.97 Amid Russian Price Gains
USA - Wheat Stocks Up 12% To 1.99 Billion Bushels, Corn 29

Austria - Austria'S Wheat Harvest Estimated At 1.46 Million Tons
EU - Cereal Surfaces Decline To 4.3 Million Hectares, Exports Down
France - Wheat Prices Rise €2 As Russia Sows Lowest 8.3 Million Hectares
Germany - Germany'S Wheat Harvest Hits 18.8 Million Tons, Quality Concerns
Poland - 2024 Crop Yields: Wheat Down 7%, Sugar Beet Up 10%
Poland - Poland'S Grain Exports Halved, Cooperation With Ukraine Diminished
Russia - Grain Export Duties May Yield 134 Billion Rubles This Year
Russia - Russia'S Grain Exports Down 25% To 5.76 Million Tons
United Kingdom - Regenerative Practices Cut Costs By £117/Ha For 63% Enterprises

India - Professor Upendra Kumar Represents India At Wheat Congress 2024
India - Wheat Prices Surge Over ₹3100 Amid Festive Demand
Indonesia - Harry Kane Invests Rp1.5 Trillion In Wheat Company
Jordan - Jordan Sees 5 Bidders For 120,000 T Wheat Auction

Algeria - Algeria Allocates 3.069 Million Hectares For Cereal Cultivation
Nigeria - Nigeria Aims For Wheat Self-Sufficiency, Imports Six Million Tonnes
Tunisia - Tunisia Aims For 1.173 Million Hectares In Cereal Farming

Argentina - Drought Threatens Crops With Buenos Aires Receiving Just 22.9 Mm
Recent low-intensity rainfall has raised concerns for crops, with Buenos Aires receiving only 22.9 mm in Cañuelas and 16.9 mm in Calchaquí. Most of the agricultural region saw under 10 mm, insufficient for crop needs. Producers worry as drought threatens wheat, pea, barley, and newly planted corn, with critical areas in Santa Fe reporting as low as 1.1 mm.(24matins.es)

Argentina - Argentine Government Projects 7-8% Wheat Increase This Harvest
The Argentine government anticipates a 7-8% increase in wheat planting for the upcoming campaign, alongside rises in sunflower, soybeans, corn, and cotton. Delays are linked to climatic factors, not economic issues. The government supports agriculture and plans to enhance profitability through deregulation, while stating that currency controls will be lifted when conditions permit.(Noticias Argentinas | TSN Necochea)

Bolivia - Bolivia Distributes 1.5 Million Quintals Of Flour To Bakers
The Bolivian government has distributed 1,524,235 quintals of subsidized flour to bakers to stabilize the price of essential bread at Bs 0.50. This initiative, part of a strategic agreement with the Confederation of Bakers, aims to deliver a total of 2.4 million quintals in 2024. Emapa will also purchase 60,000 tons of wheat to ensure flour availability.(Ahora El Pueblo)

Brazil - Brazil Wheat Harvest Nears Record With 4.18M Imports In 2023
Brazil is in the midst of wheat harvest, with 90% of national production concentrated in the South. The country is nearing a record in annual wheat movement between imports and exports. Wheat consumption is around 12 to 13 million tons, with imports dropping from 6.22 million tons in 2021 to 4.18 million in 2023, while exports increased. However, imports exceeded 5 million tons from January to September 2024, surpassing 2023 totals.(Canal Rural)

Brazil - 31St International Wheat Congress From October 23-25 In Foz
The 31st International Congress of the Wheat Industry will be held from October 23-25 in Foz do Iguaçu, organized by Abitrigo. Political scientist Gustavo Segré and economist Sergio Vale will discuss Brazil's economic landscape, addressing market uncertainties for 2024. The event features panels on market trends, technologies, media, and networking opportunities for industry professionals.(O Presente Rural | Revista Cultivar)

Canada - New Rail Deal Could Generate $69.6 Million, Create 195 Jobs
Invest Tisdale has partnered with Arctic Gateway Group to restore rail links between Tisdale, Saskatchewan, and Churchill, Manitoba, aiming to lower transportation costs for grain producers. The project could generate $69.6 million in annual economic activity and create 195 jobs. Plans include restoring bi-directional rail traffic within five years, enhancing business relations, and promoting trade efficiency.(Farms.com)

Chile - Producers Face 15-Year Low Grain Prices Amid Weak Demand
Producers face a challenging outlook as international grain prices drop, hitting levels not seen in 15 years. The 2024 report predicts lower prices for wheat, corn, and oats due to weak industry demand. Wheat imports remain steady at 1 million tons, while corn production is stable despite a decline in planted area. Oat production is expected to rise globally, but Chile's market remains unstable.(Diario La Tribuna)

USA - Soybean Prices Down 0.68% To $10.5850 In Chicago
Soybean prices fell 0.68% to $10.5850 per bushel in Chicago amid increased grain supply and dry weather accelerating U.S. harvest. Corn contracts dropped 0.18% to $4.1725 per bushel, influenced by favorable harvest conditions. Conversely, wheat rose 0.69% to $5.84 per bushel due to potential USDA production cuts and dry conditions in Russian winter wheat regions.(Agrimídia)

USA - Wheat Rises 2.3% To $5.97 Amid Russian Price Gains
Wheat for November delivery rose 2.3% to $5.97 1/4 per bushel, driven by improving Russian wheat prices and geopolitical tensions following Iran's missile attacks on Israel. Corn increased by 0.9% to $4.28 1/2, while soybeans fell 0.1% to $10.56 1/2. Concerns over a U.S. port strike and Brazilian planting conditions also influenced the market.(Marketscreener.com)

USA - Wheat Stocks Up 12% To 1.99 Billion Bushels, Corn 29
Wheat stocks rose 12% to 1.99 billion bushels, with production at 1.971 billion bushels. North Dakota's 2024 spring wheat production increased 16% to 310 million bushels. South Dakota's other spring wheat production rose 11% to 31.1 million bushels, while winter wheat production surged 52% to 47.9 million bushels. Winter wheat production in the Northwest rose 30% to 123 million bushels.(Farms.com | Morning Ag Clips - | Morning Ag Clips - | newsdakota.com | Morning Ag Clips -)

Austria - Austria'S Wheat Harvest Estimated At 1.46 Million Tons
Austria's wheat harvest for 2024 is estimated at 1.46 million tons, an 8.5% decrease from last year, despite high quality attracting interest from Italy and Switzerland. Meanwhile, soybean stocks are at 9.63 million tons, below expectations, and wheat production is estimated at 53.59 million tons, with EU sunflower harvests down to 9.5 million tons.(Österreichische Bauernzeitung | Österreichische Bauernzeitung)

EU - Cereal Surfaces Decline To 4.3 Million Hectares, Exports Down
Cereal surfaces have declined to 4.3 million hectares in 2024, matching 1993 levels, while oilseed areas increased to 2.3 million hectares. EU soft wheat exports for 2024/25 fell 26% to 6.14 million tons, with barley exports down 34% to 1.52 million tons. Maize imports rose 13% to 5.17 million tons, mainly from Ukraine.(Terre-net | XM)

France - Wheat Prices Rise €2 As Russia Sows Lowest 8.3 Million Hectares
Wheat prices in France rose due to concerns over low winter wheat planting in Russia, with only 8.3 million hectares sown, the lowest since 2013. In September, wheat increased by up to €2 per ton, reaching futures of €222.25 and €233.25. Corn gained €2 and €1.5 per ton amid lower U.S. stock forecasts.(Réussir | Agronews Castilla y León)

Germany - Germany'S Wheat Harvest Hits 18.8 Million Tons, Quality Concerns
Wheat harvests in Germany and France are the lowest in years, with Germany producing 18.8 million tons, the lowest since 1995. Only 53% of German wheat is suitable for milling, while France has just 41% with protein above 11.5%. Despite hopes for rising quality wheat prices, historical trends show they often decline throughout the season.(Wiadomości Rolnicze)

Poland - 2024 Crop Yields: Wheat Down 7%, Sugar Beet Up 10%
The GUS report indicates a significant decline in 2024 agricultural yields, with wheat down 7% to 11.7 million tons and rapeseed down 11% to 3.3 million tons. However, sugar beet production increased by 10% to 18.6 million tons. Overall grain production fell 2% to 35.3 million tons, while potato yields rose by 5% to 5.8 million tons. Fruit production dropped sharply, with apples down 17% to 3.2 million tons.(Tygodnik Poradnik Rolniczy)

Poland - Poland'S Grain Exports Halved, Cooperation With Ukraine Diminished
Poland's grain infrastructure remains underdeveloped, with missed opportunities for international collaboration, particularly with Ukraine. Grain exports have halved compared to last year, leading farmers to hold off on sales due to unsatisfactory prices. President Monika Piątkowska notes that Ukraine is bypassing Poland for exports, diminishing Poland's potential as a transport hub. The chance for effective cooperation seems lost.(Farmer.pl)

Russia - Grain Export Duties May Yield 134 Billion Rubles This Year
Export duties on grain are projected to generate nearly 133.9 billion rubles for the budget this year, with estimates of 187.2 billion rubles for 2025, and potentially increasing to 200.5 billion rubles and 221.5 billion rubles in 2026 and 2027, respectively. The wheat export duty will rise to 1,246 rubles per ton starting October 2.(Агроинвестор)

Russia - Russia'S Grain Exports Down 25% To 5.76 Million Tons
In September 2024, Russia's grain exports fell 25% to 5.76 million tons compared to 2023. Wheat shipments decreased by 16% to 5.286 million tons, with Egypt becoming the largest buyer at 1.335 million tons. Overall exports for July-September totaled over 18 million tons, marking an 11.4% decline.(NewsInfo | LIVE24 | MoneyTimes | Интерфакс)

United Kingdom - Regenerative Practices Cut Costs By £117/Ha For 63% Enterprises
Regenerative practices were adopted by over 63% of enterprises, with the 'high' group (9-14 practices) reducing inorganic fertiliser use by 48kg/ha, saving £117/ha compared to the 'low' group. The 'high' group had the lowest production cost at £1312/ha, 9.6% lower than the 'medium' (£1451/ha) and 'low' (£1452/ha) groups.(ahdb.org.uk)

India - Professor Upendra Kumar Represents India At Wheat Congress 2024
Professor Upendra Kumar represented India at the Third International Wheat Congress held in Perth, Australia, from September 21 to 28, 2024. He presented his research on improving wheat's nutritional quality, earning praise from the global scientific community. Collaborating with scientists from Australia, England, Switzerland, and the U.S., he developed a framework for future advancements in this field, enhancing food security.(Amrit Vichar)

India - Wheat Prices Surge Over ₹3100 Amid Festive Demand
Wheat prices in India have surged over ₹3100 per quintal amid the festive season, despite government controls. Prices have risen by more than ₹200 per quintal in two months. Analysts predict prices could exceed ₹3500 by Diwali and ₹4000 during the wedding season due to increased demand. Farmers are advised to capitalize on these rising prices.(Kisan Tak)

Indonesia - Harry Kane Invests Rp1.5 Trillion In Wheat Company
Harry Kane has invested Rp1.5 trillion in a wheat company. This significant investment highlights Kane's interest in diversifying his portfolio beyond football. The move indicates a growing trend among athletes to engage in business ventures, particularly in the agricultural sector.(Jurnas)

Jordan - Jordan Sees 5 Bidders For 120,000 T Wheat Auction
Five trading companies participated in Jordan's state grain buyer's international bid to purchase 120,000 metric tonnes of wheat. No purchases have been made yet, with results expected on Tuesday. The tender seeks shipments of 60,000 tonnes between January and February 2025. Additionally, Jordan announced a separate tender for 120,000 tonnes of animal feed barley, with price offers due Wednesday.(MarineLink)

Algeria - Algeria Allocates 3.069 Million Hectares For Cereal Cultivation
Algeria's Minister of Agriculture, Youcef Cherfa, announced the allocation of 3.069 million hectares for cereal cultivation in the 2024-2025 season, including 1.069 million hectares for durum wheat and 1.017 million hectares for barley. The aim is to cease durum wheat imports by 2025 and barley by 2026, with 840,000 hectares already prepared for planting.(Algérie Eco | toute l'actualité de l'économie en Algérie)

Nigeria - Nigeria Aims For Wheat Self-Sufficiency, Imports Six Million Tonnes
West and Central Africa are striving for wheat self-sufficiency, with a summit in Abuja on October 2-3, 2024, attended by Nigeria, Cameroon, and Chad. Nigeria imports about six million metric tonnes of wheat annually, costing $3 billion. Experts emphasize the need for regional cooperation, government support, and a robust extension system to enhance agricultural capacity and ensure food security.(Punch Newspapers)

Tunisia - Tunisia Aims For 1.173 Million Hectares In Cereal Farming
A national conference on cereal collection for 2024 highlighted Tunisia's strategy for developing cereal farming in the southern region. The area suitable for cereal cultivation decreased from 1.4 million hectares to 972,000, with a goal of 1.173 million hectares for 2024-25. The initiative aims to enhance food security and reduce poverty in marginalized regions.(Leaders Tunisie)