Wheat News - 17 Sep 2024

EU - Wheat Futures Drop 16.25 Cents, Rapeseed Stabilizes At 457.75 €/T
EU - Eu Wheat Prices Fluctuate Between €219.25 And €221.75
France - France Cuts Soft Wheat Estimate To 25.78 Million Tons
France - Wheat Prices Rise Amid Russian Uncertainty, Corn Production Increases
Germany - Grain Prices Remain Weak Despite Smallest Harvest In Years
Italy - Coldiretti Expects 40,000 Tons Harvest From 34,000 Hectares
Poland - Credit Agricole Raises Wheat And Corn Prices For 2024-2025
Russia - Russia Exports 155,000 Tons Wheat To Vietnam In August
Russia and Ukraine - Drought Threatens Wheat Plantings, Impacting 25% Of Exports
Russia, Ukraine - Dried Soils Threaten Wheat Harvests In Russia, Ukraine
Rússia - Russia Sells Nearly $1 Billion In Stolen Ukrainian Grain
Spain - Protest On September 26 Against Low Cereal Prices
Ukraine - Ukrainian Grain Exports Fall 19.8% To 1.99 Million Tons
Ukraine - Ukraine'S Winter Grains Planting Hits 360.3K Hectares, 6
Ukraine - Ukraine'S 2025 Winter Grain Sowing Reaches 360,300 Hectares

Argentina - Negative Economic Margins Projected For Grains In Córdoba 2024-25
Brazil - Wheat Prices Stagnant At R$ 1,300 To R$ 1,700 Per Ton
Brazil - Brazil Wheat Production Estimated At 8.81 Million Tons, Up 8.8%
Brazil - Wheat Productivity In Sc Expected To Rise 59.3%
Canada - Gate Capital Campaign Raises $13.4 Million For Cereal Grains
U.S. - U.S. Soft Red Winter Wheat Crop Yields 342 Million Bushels
USA - Funds Cover Shorts As Chicago Wheat Gains 7%
United States - Us Wheat Associates Highlights Global Wheat Transport System
United States - Osu Wheat Harvest Reaches 105.3 Million Bushels, Up 54%
United States - Soybeans Rise 6% As Usda Forecasts Record 4.586 Billion Bushels

China - China'S Grain Imports Drop Raises Concerns For Major Exporters
India - Wheat Millers Warn Against Cutting Import Duty Amid Stability
India - Madhya Pradesh Wheat Stock Limit Set Until March 2025
Indonesia - Indonesia'S Wheat Imports From Ukraine Surge 611.98% In August
Turkey - Gai̇b Reports $2.2 Billion Grain Exports, Up 12.4%

Egypt - Egypt Secures Wheat With 20 Million Tons Annual Consumption
Mozambique - Maputo Port Expands Grain Terminal Capacity From 25,000 To 45,000 Tonnes

Russia - Russia Sold Nearly $1 Billion Of Stolen Ukrainian Grain
Russia - Tambov Wheat Quality Surges: 1.9 Million Tons, 81% Food-Grade

No country specified - La Niña Expected To Last Until November, Impacting Crops
World - Wheat Market Projected To Reach $302.5 Million By 2032

EU - Wheat Futures Drop 16.25 Cents, Rapeseed Stabilizes At 457.75 €/T
Concerns over potential attacks on Ukrainian grain transport caused fluctuations in commodity markets. Wheat futures dropped significantly, with CBoT December contracts down 16.25 cents to 578.50 cents/bushel (191.05 €/t). Rapeseed stabilized at 457.75 €/t after a slight increase. Corn also saw minor declines, closing at 410.75 cents/bushel (145.34 €/t). Monitoring of the situation remains crucial.(Wiadomości Rolnicze)

EU - Eu Wheat Prices Fluctuate Between €219.25 And €221.75
Euronext wheat prices decreased by 0.6% to €219.25 ($243.83) due to competition from cheaper Black Sea products, with Russian prices stable below $220 per ton. France's wheat production estimate was lowered to 25.78 million tons, and EU soft wheat exports fell 23% since July 2024. Conversely, prices rose to €221.75 amid Black Sea tensions and adverse weather.(MarineLink | Terre-net)

France - France Cuts Soft Wheat Estimate To 25.78 Million Tons
France's farm ministry has cut the 2024 soft wheat estimate to 25.78 million tons, 27% lower than last year and the lowest since 1986. Barley production is reduced to 10.05 million tons, while maize is projected to rise to 14.39 million tons, 11% above 2023. Sugar beet output is expected at 34.38 million tons, up 8.4%.(XM | The Edge Markets MY | Réussir | Terre-net)

France - Wheat Prices Rise Amid Russian Uncertainty, Corn Production Increases
Wheat prices in France rose from September 9 to 16 due to uncertainty over Russia's 2024 production and lower Ukrainian stocks. Durum wheat prices were stable, while feed barley prices fell. Corn prices increased due to U.S. weather and reduced EU production. Additionally, France's wheat production potential is declining, while corn potential is rising.(Réussir | АПК-Информ On-Line)

Germany - Grain Prices Remain Weak Despite Smallest Harvest In Years
Despite the smallest domestic harvest in years and a shortage of good quality grains, grain producer prices remain weak. The article discusses the reasons behind this trend and speculates on when improvements might occur.(top agrar online)

Italy - Coldiretti Expects 40,000 Tons Harvest From 34,000 Hectares
Coldiretti Alessandria reports positive prospects for the 2025 season, with 34,000 hectares currently cultivated despite a 30% drop in 2024 production. The Gran Piemonte project aims to increase cultivated areas and expects a 2025 harvest of 40,000 tons. The initiative promotes local grain varieties, ensuring fair prices for farmers and enhancing food sovereignty.(Alessandria today)

Poland - Credit Agricole Raises Wheat And Corn Prices For 2024-2025
Credit Agricole analysts report a correction in global grain prices after a strong rise in May, due to good wheat harvest prospects in the U.S. and increased exports from Russia and Ukraine. They estimate Poland's grain harvest at 25.6 million tons, down 4% year-on-year. Wheat and corn prices are forecasted at 90 zł/dt and 80 zł/dt for 2024, and 95 zł/dt and 90 zł/dt for 2025, reflecting a 5 zł/t increase from June's estimates.(Agroprofil)

Russia - Russia Exports 155,000 Tons Wheat To Vietnam In August
In August 2024, Russia exported 155,000 tons of wheat to Vietnam, exceeding the total for 2023 of nearly 145,000 tons. This marked a 6.9% increase from 2023 and a 260% rise year-on-year. Major suppliers included Australia (64.1%), the USA (9.5%), and Ukraine (7.9%), with Russia holding a 3.3% market share.(Агротренд | ROSNG.RU | Национальное аграрное агентство | Investing.com भारत | Notícias Agrícolas | Агроинвестор | AK&M News | AK&M)

Russia and Ukraine - Drought Threatens Wheat Plantings, Impacting 25% Of Exports
Dried soils and drought conditions in Russia and Ukraine threaten next year's wheat harvest, affecting over 25% of global exports. Russian farmers have planted 6.3 million hectares, the lowest in over a decade, while Ukraine's area is half of last year's. Weather issues and ongoing conflict are raising wheat prices amid supply concerns. Rain is urgently needed.(Yahoo Finance | ProFinance.Ru)

Russia, Ukraine - Dried Soils Threaten Wheat Harvests In Russia, Ukraine
Dried soils in Russia and Ukraine threaten next year's wheat harvest, with both nations experiencing significant dryness. Russia has planted 6.3 million hectares of winter crops, the lowest in over a decade, while Ukraine's area is half of last year's. Wheat prices have risen recently due to supply concerns, with global stockpiles forecasted at a nine-year low. Rain is needed to improve conditions.(BNN Bloomberg)

Rússia - Russia Sells Nearly $1 Billion In Stolen Ukrainian Grain
Russia and its allies have sold nearly $1 billion in stolen Ukrainian grain since 2022, leveraging occupied agricultural lands for profit. The illicit trade involves at least four million tons of grain, generating $800 million, with total potential losses estimated at $6.4 billion. Ukraine is pressuring countries to block imports of these products, with some success.(Investnews)

Spain - Protest On September 26 Against Low Cereal Prices
Agricultural organizations ASAJA, Coag, and Upa will protest on September 26 against the low cereal prices threatening the viability of thousands of family farms in Soria, Spain. Since 2022, global cereal prices have declined, exacerbated by the Ukraine conflict. Spain, the largest importer of Ukrainian wheat, faces a crisis, with prices currently much lower than two years ago when wheat was €358/ton.(Asaja Castilla y León)

Ukraine - Ukrainian Grain Exports Fall 19.8% To 1.99 Million Tons
Ukrainian grain and oilseed exports fell by 19.8% to 1.99 million metric tons from September 1-15, down from 2.48 million tons in August, as reported by the UGA traders' union. This included 1.28 million tons of wheat, 164,000 tons of corn, and 416,000 tons of rapeseed. Barley exports dropped to 50,000 tons, significantly lower than the previous month.(LA NACION)

Ukraine - Ukraine'S Winter Grains Planting Hits 360.3K Hectares, 6
Ukrainian farmers planted 360,300 hectares of winter grains for the 2025 harvest by September 16, only 6.9% of the expected area and significantly lower than last year's figures. The area includes 340,300 hectares of winter wheat. Ongoing drought may reduce rapeseed area by 500,000 hectares. Wheat harvest fell to 21.8 million tons in 2024 from over 22 million tons in 2023.(Forbes Brasil | Notícias Agrícolas)

Ukraine - Ukraine'S 2025 Winter Grain Sowing Reaches 360,300 Hectares
Ukrainian farmers have sown 360,300 hectares of winter cereals for the 2025 harvest by September 16, 2023, which is only 6.9% of the planned area. This includes 340,300 hectares of winter wheat. Drought may reduce rapeseed sowing by 500,000 hectares. The 2024 wheat harvest was 21.8 million metric tons.(XM | LA NACION)

Argentina - Negative Economic Margins Projected For Grains In Córdoba 2024-25
Economic margins for grains in Córdoba for the 2024-25 campaign are projected to be negative due to falling international prices and pest damage. First soybean crops face a 5.3% loss, while wheat-soybean combinations see a 7.9% drop. Soybean prices are expected to fall 7% to $287/ton, with wheat at $206/ton, both the lowest in five years.(Juan Pueblo)

Brazil - Wheat Prices Stagnant At R$ 1,300 To R$ 1,700 Per Ton
The wheat market in Rio Grande do Sul anticipates future sales of 200,000 to 250,000 tons, with mills well-stocked and offering R$ 1,300.00 per ton, while sellers demand R$ 1,350.00. In Santa Catarina, old crop prices are R$ 1,650.00 to R$ 1,700.00, and new crop averages R$ 1,450.00. Paraná faces similar pricing challenges.(Agrolink)

Brazil - Brazil Wheat Production Estimated At 8.81 Million Tons, Up 8.8%
Wheat production in Brazil is projected at 8.81 million tons for 2024, marking an 8.8% increase from 2023. Prices are rising due to limited high-quality wheat availability. Globally, USDA forecasts production at 796.878 million tons for 2024/25, a slight 0.2% decrease, with consumption expected at 804.9 million tons, a 0.7% rise.(Notícias Agrícolas | Agrolink | CenárioMT | AGROemDIA)

Brazil - Wheat Productivity In Sc Expected To Rise 59.3%
Favorable conditions in Santa Catarina are boosting winter crop productivity for the 2024/2025 harvest. Wheat is projected to rise by 59.3% to 432,000 tons, garlic by 44.43%, and onions by 39.82%. Despite this, chicken and pork exports fell to $141 million and $150.3 million in August, respectively. Soybean production is expected to increase by 12.77% to 2.9 million tons.(ESGDATA | Rádio Clube de Canoinhas)

Canada - Gate Capital Campaign Raises $13.4 Million For Cereal Grains
The Gate Capital Campaign has raised $18.4 million, including $13.4 million from four Canadian grower organizations, to support the $102 million Global Agriculture Technology Exchange in Winnipeg. The initiative, led by Cereals Canada, aims to enhance Canada's leadership in cereal grain innovation and meet global food demands while showcasing the quality of Canadian cereals.(Yahoo Canada Finance | Canada NewsWire)

U.S. - U.S. Soft Red Winter Wheat Crop Yields 342 Million Bushels
The 2024 soft red winter wheat crop in the U.S. yielded just under 342 million bushels, exceeding the 5-year average. Despite a 24% decrease in seeded area to 6.14 million acres, the crop shows good milling characteristics and higher protein content. Overall, the average grade is U.S. No. 2 SRW, with favorable qualities for cookies and crackers.(US Wheat Associates)

USA - Funds Cover Shorts As Chicago Wheat Gains 7%
Speculative traders have reduced their net-short positions in key grain futures, with the smallest net-shorts in Chicago wheat and soybeans since June. Factors include US drought and EU crop estimate cuts. Chicago wheat futures gained 7% from late August to mid-September. Future price movements depend on crop estimates and market sentiment regarding global supplies.(ahdb.org.uk)

United States - Us Wheat Associates Highlights Global Wheat Transport System
U.S. Wheat Associates is producing a video highlighting the reliable transportation system that moves wheat from U.S. Plains farmers to global customers. The project emphasizes sustainable practices and the importance of high-quality wheat. Filming includes grain elevators and export facilities, with U.S. wheat shipments headed to Africa and South America. USW supports overseas buyers with trade services and updates.(US Wheat Associates)

United States - Osu Wheat Harvest Reaches 105.3 Million Bushels, Up 54%
Oklahoma State University introduced the OSU Scab Stryker wheat variety, offering high scab resistance and plans to release a higher-yielding Doublestop version soon. This year's wheat harvest reached 105.3 million bushels, a 54% increase from last year. OSU has released 36 varieties since 2000 and aims to develop herbicide-tolerant wheat to enhance options for farmers.(High Plains Journal)

United States - Soybeans Rise 6% As Usda Forecasts Record 4.586 Billion Bushels
Soybean harvest in the U.S. is forecasted at a record 4.586 billion bushels for 2024, a 10% increase. Corn production is estimated at 15.186 billion bushels, down 1%. Global wheat production is projected at 796.9 million tonnes, with ending stocks at 257.22 million tonnes. Harvest progress reached 6%, with dry weather aiding activities.(Revista Globo Rural | World Grain)

China - China'S Grain Imports Drop Raises Concerns For Major Exporters
China's ongoing economic crisis has raised concerns among exporting countries, as demand for agricultural products is weak despite significant stockpiles. Major exporters like the U.S., Canada, and Australia face difficulties, with a notable drop in barley exports from France and delays in corn shipments. Future changes in China's demand appear unlikely, prompting exporters to adapt to varying market conditions.(Investing.com भारत)

India - Wheat Millers Warn Against Cutting Import Duty Amid Stability
Wheat millers assert that current wheat markets are not overpriced and caution against reducing import duties. They emphasize that maintaining the duty is crucial for protecting domestic prices and ensuring a stable supply chain. Lowering the import duty could negatively impact local farmers and the overall market balance.(Business Standard)

India - Madhya Pradesh Wheat Stock Limit Set Until March 2025
Madhya Pradesh has set a wheat stock limit until March 31, 2025, allowing traders 3,000 MT and retailers 10 MT to combat price rises. Wheat prices surged by ₹700 in two months, now reaching ₹4,390 per quintal in Madhya Pradesh, with regional variations, prompting government intervention to stabilize the market.(Free Press Journal | THECHOPAL)

Indonesia - Indonesia'S Wheat Imports From Ukraine Surge 611.98% In August
Indonesia's wheat imports in August 2024 surged by 611.98% from Ukraine, totaling $96.8 million. Overall imports from January to August reached 8.44 million tons valued at $2.56 billion. Australia remains the largest supplier, with imports declining to $707.39 million. In contrast, imports from Ukraine rose significantly from $96.46 million last year.(Bisnis.com)

Turkey - Gai̇b Reports $2.2 Billion Grain Exports, Up 12.4%
Güneydoğu Anadolu İhracatçı Birlikleri reported $2.2 billion in grain exports for the first eight months of 2024, a 12.4% increase from the previous year. Despite a 0.4% drop in Turkey's overall grain export unit prices, the region experienced a 10.9% rise, attributed to high-value products such as sweet biscuits and chocolate.(Son Dakika | Dünya Gazetesi)

Egypt - Egypt Secures Wheat With 20 Million Tons Annual Consumption
Egypt is increasing wheat imports to secure strategic reserves, issuing tenders for double the usual amounts, but often receiving only 10% of requested supplies. The country consumes 20 million tons annually, importing over half. Experts emphasize the need for a six-month stockpile amid global uncertainties, while Egypt's neutrality in the Ukraine conflict enhances its position as a regional grain hub.(Ahram Online)

Mozambique - Maputo Port Expands Grain Terminal Capacity From 25,000 To 45,000 Tonnes
The Maputo Port Development Company has signed a $5 million agreement to expand the Maputo Grain Terminal's capacity from 25,000 to 45,000 tonnes, increasing annual capacity from 170,000 to 350,000 tonnes. The terminal handled 166,000 tonnes in 2023. Four new silos will be constructed, and the project will enhance rail infrastructure, taking 18 months to complete.(Freight News)

Russia - Russia Sold Nearly $1 Billion Of Stolen Ukrainian Grain
Russia and its partners have sold nearly $1 billion of stolen Ukrainian grain on the black market, exploiting occupied agricultural lands since 2022. A Ukrainian organization estimates the total value of grain exported by Russia from these territories at $6.4 billion. Despite international buyers avoiding direct purchases to evade sanctions, pro-Moscow exporters redirect stolen grain for re-export.(ZN.UA ("Зеркало недели. Украина"))

Russia - Tambov Wheat Quality Surges: 1.9 Million Tons, 81% Food-Grade
Tambov wheat quality for the 2024 harvest is promising, with 1.9 million tons tested, 81% classified as food-grade, and an average protein content of 15%. In contrast, Altai region wheat quality has dropped from 80% to 66% due to heavy rains, prompting a state of emergency. SovEcon raised Russia's 2024 wheat forecast to 82.9 million tons.(tamlife.ru | Байкал24 | Русская служба The Moscow Times | LA NACION)

No country specified - La Niña Expected To Last Until November, Impacting Crops
The La Niña phenomenon is expected to last until November, adversely affecting crops such as corn, wheat, and soybeans. With insufficient rainfall, wheat development is poor, and livestock face feed shortages. Many corn producers haven't planted, leading to reduced production and potential price increases for wheat-based products. The overall agricultural outlook remains bleak due to a lack of water and financial constraints.(Canal Veo)

World - Wheat Market Projected To Reach $302.5 Million By 2032
The global wheat market, valued at $231.6 million in 2024, is projected to grow to $302.5 million by 2032, with a CAGR of 3.89%. The report includes comprehensive analysis on trends, drivers, and COVID-19 impacts across regions. Major producers are China and India, with consumption volumes of 148.5 million and 104.3 million metric tons, respectively.(openPR)