Wheat News - 02 Oct 2024

Belarus - Grain Supplies From Russia To Belarus Up 48% In 2023
Germany - €1.1 Million Project Aims For High-Quality, Eco-Friendly Wheat
Italy - Italian Organic Wheat Exports Reach €4.456 Billion In 2023
Poland - Grain Prices Surge 30-40 Pln/T Amid Weak Złoty
Rusia - Oryol Declares Emergency As Drought Hits Winter Crops
Russia - Russia'S Winter Wheat Planting Rates Hit 11-Year Low
Russia - Sovekon Lowers Russian Wheat Exports To 47.6 Million Tons
Russia - Price Gap Between 3Rd And 4Th Grade Wheat Reaches 2,000 Rubles
Russia - Russian Grain Exports Decrease By 25% In September
Russia - Union Warns Traders Against Low-Price Russian Grain Exports
Russia - Demetra Trading Signs Seasonal Contracts For 2.3 Million Tons
Spain - Winter Cereal Production In Aragón Rises 45% To 1.94 Million Tons
Spain - Farmers Protest Low Prices In November Amid Crisis
Spain - Geopolitical Tensions Raise Cereal Prices By €4 In León
UK - Uk Wheat Prices Near £182/T As Rainfall Delays Plantings
Ukraine - Ukrainian Grain Exports Hit 10.65 Million Tons So Far
Ukraine - Ukrainian Agricultural Exports Reach $28.9 Billion In 2024

Argentina - Prolonged Drought Affects 19% Of Wheat Crops In Santa Fe
Argentina - Argentina Wheat Crop: 31% Moisture, Yields 17-19 Million Tons
Bolivia - Bolivia Imports 60,000 Tons Of Wheat For 6 Million Dollars
Brazil - Soybean Planting At 22% In Paraná; Wheat Faces Quality Losses
Brazil - Wheat Prices: R$ 1,250 In Rio Grande Do Sul, R$ 1
Canada - Canadian Farmers Plant 8.2 Million Hectares Of Wheat In 2024
Mexico - Wheat Acreage In Yaqui Valley Drops From 160,000 To Zero
USA - Wheat Stocks Up 20% To 80.2 Million Bushels In Northwest

Africa - African Development Bank Showcases Agriculture Program At 2024 Summit
Egypt - Egypt'S $153M Grain Complex To Store 6M Tons Of Grain
Egypt - Egypt'S Gasc Secures 3.12 Million Tons Wheat Supply Deal
Egypt - Egypt Raises Wheat Procurement Price By 10% To $45.51
Morocco - Morocco To Import 5-5.5 Million Tons Of Russian Wheat
Nigeria - Prices Of Bread, Food Items To Crash As 263,015 Tonnes Arrive
Nigeria - Wheat Consumption Surges From 25M To 75M Metric Tonnes

Kazakhstan - Rosselkhoznadzor Proposes Kazakhstan Suspend Grain, Sunflower Seed Exports

World - Grain Prices Surge: Wheat Hits €230, Corn Up 386.6M Tons

Australia - Australia Wheat Yields Cut To 27-34.7 Million Tons

Belarus - Grain Supplies From Russia To Belarus Up 48% In 2023
In 2023, grain supplies from Russia to Belarus increased by 48%, with Belarus traditionally meeting its grain needs independently. Belarus exported approximately 293,000 tons of meat to Russia, constituting half of its total food exports. Russia's grain harvest forecast for 2024 is 132 million tons. Belarus anticipates a grain yield of over 10 million tons this year.(Альта-Софт)

Germany - €1.1 Million Project Aims For High-Quality, Eco-Friendly Wheat
Researchers are launching the MAGIC-KlimaBack project to develop new wheat varieties with high baking quality and reduced nitrogen fertilizer use, funded by €1,127,913 from the German Ministry of Food and Agriculture. The project aims to improve protein efficiency in wheat, using advanced breeding methods and AI to identify candidate proteins that enhance baking quality while lowering greenhouse gas emissions.(Biooekonomie.de)

Italy - Italian Organic Wheat Exports Reach €4.456 Billion In 2023
Italian exports of organic wheat flours and semolina to the U.S. and Canada reached a record €4.456 billion in 2023, with €4.063 billion to the U.S. and €393,000 to Canada. Exports of organic soft wheat flour grew by 239.9%, while durum wheat flour and semolina saw a 209.1% increase. Organic products now represent 17% of total flour exports.(Morningstar | PR Newswire)

Poland - Grain Prices Surge 30-40 Pln/T Amid Weak Złoty
In October, grain and rapeseed prices surged on exchanges, with wheat in Paris reaching its highest since late July. Russian drought raised wheat prices due to an emergency in the Voronezh region. The złoty weakened, nearing 3.90 USD/PLN and 4.30 EUR/PLN. By October 3, domestic grain prices rose by 30-40 PLN/t, with rapeseed hitting 2090-2100 PLN/t.(Agroprofil)

Rusia - Oryol Declares Emergency As Drought Hits Winter Crops
The Russian region of Oryol declared a state of emergency due to drought damaging winter crops. Adverse weather has led to emergency declarations in several cereal-producing regions. Sovecon reported the lowest winter wheat planting rates in 11 years, impacting 2025 harvest prospects. Despite extreme conditions, Russia maintains its official grain harvest forecast at 132 million metric tons for this year.(LA NACION)

Russia - Russia'S Winter Wheat Planting Rates Hit 11-Year Low
Russia's winter wheat planting rates have reached an 11-year low due to severe drought conditions in key regions, including Central, Southern, North Caucasus, and parts of Volga. This situation raises concerns for the 2025 harvest, although Russia maintains its 2023 wheat harvest estimate at 132 million metric tons.(LA NACION | Devdiscourse)

Russia - Sovekon Lowers Russian Wheat Exports To 47.6 Million Tons
SovEkon has cut its Russian wheat export forecast for the 2024/25 season to 47.6 million tons, down from 48.1 million tons. Total grain exports are now estimated at 55.4 million tons, with corn and barley also downgraded. Wheat stocks stand at 24.8 million tons, a 14% decrease from last year.(Русская служба The Moscow Times | LA NACION | XM | Новостной портал о финансовых рынках | инвестициях и биржевой торговле Financial One.)

Russia - Price Gap Between 3Rd And 4Th Grade Wheat Reaches 2,000 Rubles
The 2024 wheat harvest shows uneven quality, particularly for third-grade milling wheat, leading to a price difference of 1,500-2,000 rubles per ton compared to fourth-grade. Factors include spring frosts and excessive rainfall in Siberia. As of late September, nearly 106,000 tons of grains were harvested, with wheat accounting for 77,700 tons, amid predictions of 132 million tons overall.(ROSNG.RU | Национальное аграрное агентство)

Russia - Russian Grain Exports Decrease By 25% In September
Russian grain exports decreased by 25% in September, according to APK-Inform.(АПК-Информ On-Line)

Russia - Union Warns Traders Against Low-Price Russian Grain Exports
The Union of Exporters has warned grain traders against exporting Russian grain at low prices to gain a larger share of the export quota. They plan to propose a review of the quota distribution method to the Russian Ministry of Agriculture. Preliminary data indicates Russia exported about 17 million tons of grain in the first quarter, exceeding reasonable limits given a potential of 60 million tons, down 16% from last season.(Интерфакс)

Russia - Demetra Trading Signs Seasonal Contracts For 2.3 Million Tons
Demetra Trading has signed seasonal contracts for 2.3 million tons of grain this season, 1.9 times more than the previous agricultural year. These contracts will account for over 15% of the company's total purchases. Established in 2021/22 with 200,000 tons, the contracts now cover 14 regions in Russia, enhancing supplier reliability and liquidity for operations.(Агроинвестор)

Spain - Winter Cereal Production In Aragón Rises 45% To 1.94 Million Tons
Winter cereal production in Aragón increased by 45% to 1.94 million tons this campaign, despite uneven weather conditions. The yield rose from 1.70 tons per hectare in 2023 to 2.57 tons. Zaragoza saw a 48% production rise, while Teruel's output remained low, with a 2% increase from last year but down 68% compared to the five-year average.(EpAragon)

Spain - Farmers Protest Low Prices In November Amid Crisis
Asaja Castilla-La Mancha, led by José María Fresneda, is organizing protests for the last week of November due to unsustainable agricultural prices that do not cover production costs. Spain imports 15-20 million tons of cereals annually, impacting local farmers. Asaja demands import quotas, tariffs, and the establishment of a cost observatory to stabilize prices and support farmers.(Diario de Castilla-La Mancha | Masquealba.com | agroinformacion.com)

Spain - Geopolitical Tensions Raise Cereal Prices By €4 In León
Geopolitical tensions in the Middle East have raised cereal prices in León, with wheat increasing from €206 to €210/ton, barley from €188 to €191, and triticale from €195 to €199. Russian planting delays due to drought threaten further production issues, while beef supply shortages indicate an ongoing supply crisis.(agroinformacion.com | iLeon.com)

UK - Uk Wheat Prices Near £182/T As Rainfall Delays Plantings
UK wheat markets are seeing prices near £182/t due to rainfall impacting plantings, with November feed wheat futures rising to £187.60/t. Poor weather has delayed plantings, especially in southern England, while break crop challenges persist, notably with oilseed rape. Milling oat values have plummeted from £270/t in June to below £150/t.(Farmers Weekly)

Ukraine - Ukrainian Grain Exports Hit 10.65 Million Tons So Far
Ukrainian grain exports for the 2024/25 season reached 10.65 million metric tons by October 2, surpassing the previous season's 6.68 million tons. This includes 6.2 million tons of wheat, 2.8 million tons of corn, and over 1.3 million tons of barley. The government plans to limit wheat exports to 16.2 million tons for the season.(Notícias Agrícolas)

Ukraine - Ukrainian Agricultural Exports Reach $28.9 Billion In 2024
Ukrainian agricultural exports totaled $28.9 billion in 2024, a 6% rise from 2023. Key exports included corn (25.2 million tons, +16.2%), wheat (16 million tons, +42.4%), and juices (82,000 tons, +65%). Grain exports for 2024/25 reached 10.65 million tons, including 6.2 million tons of wheat, with a total harvest expected at 77 million tons.(24 Канал | АПК-Информ On-Line | LA NACION)

Argentina - Prolonged Drought Affects 19% Of Wheat Crops In Santa Fe
Prolonged drought is severely impacting wheat production in Santa Fe's northern region, with 19% of wheat crops rated poor, affecting 79,800 hectares. Meanwhile, 70% of sunflower planting is complete, and 40% of early maize has been sown. Farmers face uncertainty regarding planting decisions due to low water availability and unfavorable weather forecasts.(Rafaela Noticias)

Argentina - Argentina Wheat Crop: 31% Moisture, Yields 17-19 Million Tons
Argentina's wheat crop for 2024/25 is under threat from drought, with just 31% of the area having adequate moisture. Production is estimated between 17 and 19 million tons, with only 3.1 million tons sold ahead of harvest. Current prices are about $219.5 per ton, amid weak export demand and uncertain rainfall.(Salvador Di Stefano | Las Rosas Digital)

Bolivia - Bolivia Imports 60,000 Tons Of Wheat For 6 Million Dollars
Bolivia faces a critical food shortage, necessitating the import of 60,000 tons of wheat at a cost of approximately 6 million dollars. Political turmoil exacerbates the situation, with the government failing to address agricultural policies that have led to reduced food production. The country may soon rely on neighboring nations for food aid, risking hunger and epidemics among the poor.(El Diario (Bolivia))

Brazil - Soybean Planting At 22% In Paraná; Wheat Faces Quality Losses
In Paraná, soybean planting reached 22% of the planned area, with 78% in vegetative development, while corn planting is at 74% and 99% in vegetative stage. Conversely, wheat suffers from frost and drought, with only 62% of crops in good condition, and significant quality losses reported. Stable weather has allowed summer crop planting to progress.(Compre Rural)

Brazil - Wheat Prices: R$ 1,250 In Rio Grande Do Sul, R$ 1
Wheat prices in Brazil show a downward trend amid low demand and increased supply from the ongoing harvest. In Rio Grande do Sul, prices are at R$ 1,250.00, while Paraná sees prices between R$ 1,450 and R$ 1,500. In September, Paraná's average price was R$ 1,482.91, down 3.6% from August but up 39.1% year-on-year.(Portal Palotina | CenárioMT | Agrolink)

Canada - Canadian Farmers Plant 8.2 Million Hectares Of Wheat In 2024
Cereals Canada reported that Canadian farmers planted over 8.2 million hectares of non-durum wheat in 2024, a 3% decrease, while durum acreage increased by 5% to nearly 2.6 million acres. Crop quality is good, with protein content for CWRS at 13.5-14.5%, CWAD at 14.5-15.5%, and CPSR at 12.5-13.5%. Final analysis will be released in November.(SwiftCurrentOnline.com | DiscoverWeyburn.com | DiscoverAirdrie.com | StrathmoreNow | WestCentralOnline.com)

Mexico - Wheat Acreage In Yaqui Valley Drops From 160,000 To Zero
The Yaqui Valley's wheat acreage has plummeted from 160,000 hectares in 2023-2024 to nearly zero, significantly impacting the southern Sonora economy. Director Humberto Borbón Valencia stated this results in a loss of around 5 billion pesos in direct economic output, as production costs are 32,000 pesos per hectare. Alternative crops face low profitability, discouraging planting.(Medios Obson)

United States - Wheat Stocks Up 20% To 80.2 Million Bushels In Northwest
As of September 1, 2024, wheat stocks in the Northwest region rose 20% to 80.2 million bushels. Illinois corn stocks increased 57% to 231 million bushels, while Minnesota's corn stocks surged 45% to 196 million bushels. Nationally, corn stocks reached 1.76 billion bushels, soybeans 342 million, and wheat 1.99 billion bushels.(Morning Ag Clips - | Morning Ag Clips - | Morning Ag Clips -)

Africa - African Development Bank Showcases Agriculture Program At 2024 Summit
The African Development Bank showcased its flagship program "Technologies for African Agricultural Transformation" at the 2024 West & Central Africa Regional Wheat Summit. The initiative focuses on improving agricultural productivity and sustainability, tackling challenges in wheat production and food security across the continent.(African Development Bank | African Development Bank Group)

Egypt - Egypt'S $153M Grain Complex To Store 6M Tons Of Grain
The Suez Canal Economic Zone and the Egyptian Holding Company for Silos and Storage will develop a $153 million grain complex in two phases. The project includes 20 silos for 4 to 6 million tons of grain storage and a logistics zone for processing 648,000 tons of wheat flour annually. Completion is expected in 2 to 2.5 years.(ZAWYA)

Egypt - Egypt'S Gasc Secures 3.12 Million Tons Wheat Supply Deal
Egypt's General Authority for Supply Commodities (GASC) has secured a direct wheat supply deal totaling 3.12 million tons from the Black Sea, supplying 510,000 metric tons monthly from November to April. This is GASC's largest agreement, aimed at ensuring food security for millions reliant on subsidized bread. A joint venture will also supply 430,000 tons for October shipments.(Reuters | Investing.com Brasil | XM | MSN | MarineLink)

Egypt - Egypt Raises Wheat Procurement Price By 10% To $45.51
Egypt raised its local wheat procurement price by 10% to 2,200 Egyptian pounds ($45.51) per 150 kg for the 2024-2025 season to encourage farmers. The country consumes 20 million tons annually, producing only 9 million tons. Inflation is around 25%, and the U.S. Dollar has gained 55% against the pound since March.(MarineLink | XM | Ahram Online)

Morocco - Morocco To Import 5-5.5 Million Tons Of Russian Wheat
Morocco plans to import 5 to 5.5 million tons of Russian wheat for the second consecutive year, due to declining domestic production and competitive pricing at $28 per quintal. This shift to Russia, the top grain exporter, highlights changing geopolitical dynamics and reduced reliance on French wheat amid adverse weather conditions.(Hespress Français | TÉMA Agriculture & Terroirs | L'Opinion)

Nigeria - Prices Of Bread, Food Items To Crash As 263,015 Tonnes Arrive
About 263,015 tonnes of maize and husk wheat, valued at N96.3 billion ($58.36 million), are set to arrive in Nigeria's Lagos and Calabar ports. The Nigerian government approved these imports to combat food shortages, with the local grain price at N452,400 per tonne, compared to the imported price of N372,000. The deadline for imports is December 2024.(Legit.ng)

Nigeria - Wheat Consumption Surges From 25M To 75M Metric Tonnes
The Federal Government, African Development Bank, and FAO are collaborating to boost wheat production in West and Central Africa. Wheat consumption has surged from 25 million to over 75 million metric tonnes in two decades. The 2024 summit emphasized the importance of innovative technologies and policies to enhance food security and reduce import dependency, currently over 80%.(MarketForces Africa | EnviroNews Nigeria | Punch Newspapers)

World - Grain Prices Surge: Wheat Hits €230, Corn Up 386.6M Tons
Grain prices surged significantly due to rising crude oil prices and escalating tensions in the Middle East. Wheat reached over €230 per ton, the highest since summer, while U.S. corn production estimates climbed to 386.6 million tons. December corn rose by 3½¢, and December wheat increased by 16¼¢ for CBOT.(agrarheute.com | Agefi | AgroPortal.ua | Successful Farming)

Australia - Australia Wheat Yields Cut To 27-34.7 Million Tons
Adverse weather in Australia has led to a significant reduction in wheat production, with estimates now ranging from 27 to 34.7 million tons, down from 36 million. The impact of drought and frost may reduce the yield by over one million tons, affecting global supply and driving Chicago wheat futures to a 3.5-month high.(Finimize | Dinheiro Rural | DairyNews | Notícias Agrícolas)