Wheat News - 03 Oct 2024

Argentina - Dry Spring Ahead: Below-Normal Rainfall Forecasted For Argentina
Argentina - Coninagro Projects 130M Tons Grain Harvest, Winter Crop Conditions Decline
Canada - Vergreville Achieves Bdo Zone ‘A’ Rating For 455,000 Tonnes
Canada - Farmers Complete 91% Wheat Harvest, Yields Average 46 Bushels
Mexico - Sinaloa Wheat Producers Demand 600 Million Pesos From Segalmex
North America - Farmers Urged To Forward Contract 2025 Crop Amid Lower Prices
Paraguay - Paraguay Expects 1.4 Million Tons Wheat Harvest, 5,000 Jobs
United States - South Dakota Corn Stocks Surge 62% To 132 Million Bushels
United States - Us Wheat Exports Reach 11.2 Mt, Up 22% From Last Year
United States - 50% Of Winter Wheat Area In Drought, Seeding 38% Complete
United States - Wheat Prices Drop 1.9% To $6.04 Amid Trading Activity

Germany - Germany Allocates €900,000 For 1,625 Farmers In Ukraine
Russia - Wheat Prices Surge To $228.50 Amid Drought And Uncertainties
Russia - Wheat Stocks In Russia Decrease 11% To 82.9M Tons
Russia - Krasnodar Autumn Sowing Campaign Targets 1.8 Million Hectares
Ukraine - Ukraine Farm Sector Indirect Losses May Reach $83 Billion
Ukraine - Ukraine Grain Exports Up 59.5% To 10.6 Million Tons

Afghanistan - Afghanistan Aims To Boost Wheat Yields And Cut Imports
Jordan - Jordan Seeks 100,000 To 120,000 Tons Of Wheat, Barley
Kazakhstan - Kazakhstan'S 27.7 Million Ton Harvest Blocked By Russia
Kazakhstan - Kazakhstan Wheat Shipments To Russia Up 57% To 94,500 Tons
Turkey - 300 Producers Receive 300 Tons Of Wheat Seeds With 70% Grant
Turkey - Drought Threat Requires Wheat Production Planning In Turkey
Turkey - October Grain Prices Rise By 200 Tl, Farmers Debate Sales

Africa - Afdb Urges Investments As Wheat Demand Surges To 75 Mmts
Algeria - Algeria Targets 52% Durum Wheat Acreage By 2025
Egypt - Egypt Plans Major Wheat Import Savings Amid Rising Prices
Egypt - Egypt Plans To Cut Wheat Imports By 1 Million Tons
Nigeria - Flour Millers Boost Yields Up To 7 Tonnes, Aim 75M

World - Farmers Save One Billion Liters Of Fungicide With Wild Wheat
World - New Wheat Varieties Yield 16% More With Less Nitrogen
World - Wheat Protein Market Expected To Reach $3.2 Billion By 2028

Argentina - Dry Spring Ahead: Below-Normal Rainfall Forecasted For Argentina
The National Meteorological Service (SMN) forecasts a dry spring in Argentina, with below-normal rainfall affecting major agricultural areas. From September to November, temperatures are expected to exceed normal levels, worsening water deficits in crops. Regions like northern Argentina, Córdoba, Santa Fe, Entre Ríos, and Cuyo will face particularly low precipitation. The ongoing drought is already hindering early maize planting.(Clarín)

Argentina - Coninagro Projects 130M Tons Grain Harvest, Winter Crop Conditions Decline
Coninagro projects a grain harvest of over 130 million tons for 2024/2025, an 8% increase. Wheat is expected at 18.6 million tons (+23%), while corn may drop to 9.5 million tons (-17%). The gross production value is estimated at $39.045 billion, down 4%. In Santiago del Estero, winter crop conditions declined 16%, with 38% of lots in poor condition.(Noticias AgroPecuarias | AgroLink)

Canada - Vergreville Achieves Bdo Zone ‘A’ Rating For 455,000 Tonnes
Vergreville, Alberta, has received a Bioeconomy Development Opportunity Zone ‘A’ Rating for 455,000 bone dry tonnes of wheat straw annually, marking Alberta's second rating. The rating indicates high viability for bio-based manufacturing and aims to attract investment for sustainable aviation fuel development, potentially generating over $6 billion in capital investment and 10,000 permanent clean tech jobs.(Canadian Biomass)

Canada - Farmers Complete 91% Wheat Harvest, Yields Average 46 Bushels
Farmers have completed 91% of the wheat harvest, up from 79% last week, with the southwest at 99% finished. Average yields include 46 bushels per acre for hard red spring wheat and 33 for canola. The quality of hard red spring wheat shows 61% at grade 1CW, slightly above five and ten-year averages. Topsoil moisture is rated 60% adequate.(620 CKRM.com)

Mexico - Sinaloa Wheat Producers Demand 600 Million Pesos From Segalmex
Wheat producers in the Carrizo Valley, Sinaloa, are facing economic hardship due to SEGALMEX's unpaid 600 million pesos since April. Baltazar Hernández Encinas, president of the local agricultural union, criticized the delay, forcing some producers to sell equipment to survive. SEGALMEX is prioritizing maize producers, prompting a request for dedicated staff to resolve wheat payments. A meeting with SEGALMEX officials is expected to address the issue.(Luz Noticias)

Paraguay - Paraguay Expects 1.4 Million Tons Wheat Harvest, 5,000 Jobs
Paraguay expects a record wheat harvest of 1.4 million tons this year, with half for local consumption and the rest for export. The goal is to industrialize the remaining 50% to enhance export value, targeting Brazil, Chile, and Uruguay. The wheat sector is vital, providing direct and indirect jobs for about 5,000 people.(launion.com.py | RCC Noticias | ip.gov.py)

United States - South Dakota Corn Stocks Surge 62% To 132 Million Bushels
South Dakota's corn stocks reached 132 million bushels as of September 1, 2024, a 62% increase from 2023. Soybean stocks rose 43% to 22.7 million bushels. Wheat stocks grew 27% to 76.1 million bushels, while oats increased 43% to 9.75 million bushels. Barley stocks fell 40% to 256,000 bushels, and sorghum off-farm stocks decreased 18% to 789,000 bushels.(Morning Ag Clips -)

United States - Us Wheat Exports Reach 11.2 Mt, Up 22% From Last Year
The US wheat export campaign for the 2024/25 season has seen commitments of 11.2 Mt, a 22% increase from last year, accounting for 50% of the projected total of 22.5 Mt. Accumulated exports by 19 September reached 7.49 Mt, up 53% from last year. Key destinations include Mexico, while global prices remain low due to strong Black Sea competition.(ahdb.org.uk)

United States - 50% Of Winter Wheat Area In Drought, Seeding 38% Complete
Dry conditions are raising concerns for winter wheat moisture, with about 50% of the production area in drought, particularly in Texas, Oklahoma, Kansas, and Colorado. U.S. winter wheat seeding is 38% complete, with 14% emergence. Reservoir levels are low, impacting irrigation. The CPC forecasts widespread drought expansion through December, increasing fire danger across the Plains and Rockies.(DTN The Progressive Farmer)

United States - Wheat Prices Drop 1.9% To $6.04 Amid Trading Activity
Wheat futures for December fell 1.9% to $6.04 per bushel, with corn down 1% to $4.28 and soybeans down 0.9% to $10.46 3/4. U.S. grain export sales reached 1.68 million metric tons of corn. In another report, wheat prices rose nearly 3% to $6.15 amid drought concerns in Russia.(Marketscreener.com | Revista Globo Rural | Terre-net)

Germany - Germany Allocates €900,000 For 1,625 Farmers In Ukraine
Germany's Ministry of Agriculture will allocate €900,000 in vouchers for 1,625 rural households in Kherson and Odesa to support spring planting. This aid aims to strengthen Ukraine's agricultural sector and counter Russian disinformation. Additionally, previous year's wheat imports from Ukraine to Germany accounted for only 1.8% of total imports.(НикВести | Газета Топор | НикВести)

Russia - Wheat Prices Surge To $228.50 Amid Drought And Uncertainties
Wheat prices have surged due to severe drought in Russia, reaching a three-month high of $228.50 per metric ton. This situation has led to reduced production forecasts, with expected harvests at 82.1 million metric tons for 2024-2025. Algeria's imports are projected at 9 million tons, while Egypt purchased 1.4 million tons in September.(Réussir | Terre-net | ProFinance.Ru | S&P Global)

Russia - Wheat Stocks In Russia Decrease 11% To 82.9M Tons
Wheat stocks in Russia have sharply decreased compared to last year, raising concerns about future supply and global market impacts. Extreme weather conditions have reduced wheat production to an estimated 80.9 million tons, with a projected decline of 11% to 82.9 million tons for the 2024/2025 season. Corn production is forecasted to drop by 24% to 13.8 million tons.(АПК-Информ On-Line | АПК-Інформ | Agroprofil)

Russia - Krasnodar Autumn Sowing Campaign Targets 1.8 Million Hectares
Krasnodar region has initiated its autumn sowing campaign for the 2025 harvest, targeting 1.8 million hectares, primarily for wheat (over 1.6 million hectares). Farmers have prepared 400,000 tons of seeds and 300,000 tons of fertilizers, aiming to finish by October 25, weather permitting. Winter wheat sowing decreased by 5% in 2024.(Деловая Газета.Юг | Кубань 24)

Ukraine - Ukraine Farm Sector Indirect Losses May Reach $83 Billion
Ukraine's farm sector could face indirect losses of up to $83 billion due to the ongoing Russian invasion, according to analysts. The conflict has severely impacted agricultural productivity and supply chains, exacerbating the economic challenges faced by the farming industry in Ukraine.(Alberta Farmer Express)

Ukraine - Ukraine Grain Exports Up 59.5% To 10.6 Million Tons
Ukraine's grain exports surged by 59.5% to 10.6 million tons in the 2024/2025 season. However, the grain harvest fell to 28.7 million tons in August 2024, a 1.6% decrease from 2023, with yields down to 42.2 cwt/ha despite a 3% increase in sown areas to 6.8 million hectares.(Ukrainian News Agency | 24 Канал | Greenpost.ua. | Українські Національні Новини)

Afghanistan - Afghanistan Aims To Boost Wheat Yields And Cut Imports
Afghanistan plans to boost wheat production and cut imports through a new initiative supported by the governments of Kazakhstan and TIKA. The project aims to enhance agricultural yields, reflecting a strategic move to improve food security in the region.(АПК-Інформ)

Jordan - Jordan Seeks 100,000 To 120,000 Tons Of Wheat, Barley
Jordan's Ministry of Industry, Trade, and Supply has announced tenders for 100,000 to 120,000 tons of wheat and barley each. Interested parties can obtain tender documents for JD650. Bids for wheat are due next Tuesday at 2:00 p.m., and for barley next Wednesday at the same time. Required documents include a professional license and a certified commercial register.(Ammon News)

Kazakhstan - Kazakhstan'S 27.7 Million Ton Harvest Blocked By Russia
Russia has requested Kazakhstan to suspend phytosanitary certificates for grain exports due to quarantine issues, following Kazakhstan's ban on Russian wheat imports since August. Kazakhstan anticipates a record grain harvest of 27.7 million tons this year, with 2 million tons for domestic use. Tensions between the countries may escalate into a trade conflict.(Фергана | Русская служба The Moscow Times | zakon.kz | VOA Asia | Eurasia Daily | Devdiscourse | TRT Russian | Новости Узбекистана и мира. Anhor.uz)

Kazakhstan - Kazakhstan Wheat Shipments To Russia Up 57% To 94,500 Tons
Kazakhstan plans to export 94,500 tons of wheat to Russia in October, marking a 57% increase from September's 60,000 tons. The national railway company has confirmed there are no export restrictions. Kazakhstan is also addressing Russia's phytosanitary concerns while ensuring sufficient transport capacity for the new harvest.(Ак Жайык | Новостной портал о финансовых рынках | инвестициях и биржевой торговле Financial One. | Rail-news.kz)

Turkey - 300 Producers Receive 300 Tons Of Wheat Seeds With 70% Grant
In Patnos, 300 tons of certified wheat seeds were distributed to 300 producers with a 70% grant, aiming for a yield of 5,000 tons. The region has 628,230 decares of arable land, with 330,000 decares allocated for wheat and barley. A total of 89 million TL in agricultural support payments has been made to enhance productivity and modern farming techniques.(Ekonomim)

Turkey - Drought Threat Requires Wheat Production Planning In Turkey
Fethi Sönmez highlighted the importance of planning for wheat production in Turkey, where 1.3 million tons of bulgur are produced annually, with 275,000 tons exported to over 70 countries. He emphasized the need for innovative, drought-resistant agricultural practices amidst increasing global warming challenges. In 2023, bulgur accounted for 13% of domestic sales and 8% of exports for Armada Gıda, which aims to boost processing capacity significantly.(Ekonomim)

Turkey - October Grain Prices Rise By 200 Tl, Farmers Debate Sales
In October, the Turkish Grain Board raised grain prices by 200 TL per ton, with pasta wheat increasing to 11,750 TL and bread wheat to 10,980 TL, while imported barley remained at 8,000 TL. Farmers are debating wheat sales before the October 15 import ban lifting, amid concerns over potential price drops and high stock levels possibly extending the ban.(Maraşta Haber | Tarımdan Haber)

Africa - Afdb Urges Investments As Wheat Demand Surges To 75 Mmts
The African Development Bank's president, Dr. Akinwumi Adesina, urged strategic investments in wheat production at the West and Central Africa Wheat Summit 2024. Wheat consumption in Africa has surged from 25 million metric tons to over 75 million metric tons, with over 80% imported. He highlighted technology's importance for agricultural productivity and food security amid a projected population of 2.5 billion by 2050.(THISDAY Newspapers | Arise News)

Algeria - Algeria Targets 52% Durum Wheat Acreage By 2025
Algeria aims for self-sufficiency in durum production by 2025, with 52% of grain acreage in 2024-25 dedicated to durum wheat. Durum imports rose from 700,000 tonnes in 2019-20 to nearly 2 million tonnes last year. Algeria is expected to import 9 million tonnes of wheat in 2024-25, slightly down from the previous year.(World Grain)

Egypt - Egypt Plans Major Wheat Import Savings Amid Rising Prices
Egypt is strategizing to achieve significant savings on wheat imports, according to sources. The country aims to reduce its wheat import costs amid rising global prices. Specific savings figures and strategies were not disclosed, but the initiative reflects Egypt's ongoing efforts to enhance food security and manage its agricultural resources more efficiently.(Reuters)

Egypt - Egypt Plans To Cut Wheat Imports By 1 Million Tons
Egypt plans to cut wheat imports by one million metric tons by mixing corn or sorghum into subsidized bread, starting April 2025. This 1:4 corn-to-wheat flour ratio aims to save $35 to $41 per ton, with Egypt needing 8.25 million tons annually and spending approximately $2.1 billion on imports, primarily from Russia.(Marketscreener IT | Zonebourse.com | Bourse | ZAWYA | Marketscreener ES | Stratfor Worldview)

Nigeria - Flour Millers Boost Yields Up To 7 Tonnes, Aim 75M
The Flour Milling Association of Nigeria supports local wheat production, improving yields from 0.8-1.2 to 3.5-3.8 metric tonnes per hectare, with some farmers achieving over 7 tonnes. Meanwhile, the Federal Government, AfDB, and FAO aim to increase production from 25 million to 75 million metric tonnes to enhance food security. The AfDB will showcase its TAAT program at the summit.(Punch Newspapers | Businessday | AllAfrica - Top Africa News)

World - Farmers Save One Billion Liters Of Fungicide With Wild Wheat
Farmers have saved about a billion liters of fungicide this century by using disease-resistant wheat varieties derived from wild relatives. However, climate change threatens wheat production, which provides 20% of human protein and calories. Increased investment in researching wild wheat's genetic diversity and leveraging advanced technologies is essential to ensure food security and environmental sustainability.(CIMMYT)

World - New Wheat Varieties Yield 16% More With Less Nitrogen
New wheat varieties require less nitrogen and yield 16% more under current climate conditions compared to existing types. A study analyzed five experimental fields under different climate scenarios, revealing that while new cultivars improve nitrogen efficiency and reduce environmental impact, overall nitrogen needs will rise with global warming. This poses challenges for food security and nitrogen management.(Teatro Naturale)

World - Wheat Protein Market Expected To Reach $3.2 Billion By 2028
The wheat protein market is expected to grow from USD 2.5 billion in 2023 to USD 3.2 billion by 2028, at a CAGR of 4.9%. Growth is driven by rising demand for plant-based proteins in meat alternatives and pet food. North America leads in consumption, with increasing awareness of protein's dietary importance despite gluten intolerance concerns.(Yahoo Finance | GlobeNewswire)