Wheat News - 22 Sep 2024

France - France'S Wheat Production Drops 25% To 26 Million Tonnes
Italia - Turbulent Agricultural Markets: Wheat Down 26%, Butter Up 50%
Italy - 2024 Soft Wheat Yields Drop To 40 Quintals Per Hectare
Poland - Grain Prices: Wheat 900 Pln/T, Corn 800 Pln/T By 2024
Russia - Russia'S Grain Exports To China Hit $310 Million, Up 7%
Russia - Wheat Prices Range From $216 To $220; Drought Threatens 104 Million Tons
Russia - Russia Raises Wheat Export Duty 12.5% To 1,076.7 Rubles
Russia - 49% Grain Harvest Affected As Altai Declares Emergency
Spain - National Grain Prices Rise €3 To €5/Tm Amid Declines
Ucrania - Ukraine Exports 9.3 Million Tons Of Grain In 2024/25
Ukraine - Ukraine Wheat Exports Reach 2.24 Million Tons In August
Ukraine - Ukraine Harvests 44.5 Million Tons From 12.5 Million Hectares
Ukraine - Ukrainian Wheat Reserves Last Only One Month, Urgent Action Needed
Ukraine - Ukraine Harvests 40 Million Tons Of New Crops This Year
Ukraine - Russia'S Stolen Ukrainian Grain Losses Exceed Uah 30 Billion
United Kingdom - Stronger Sterling Hits Two-Year High, Pressures Uk Grain Prices

China - China Increases Altai Wheat Imports Ninefold To 970,000 Tons
India - Rabi Conference Aims For 115 Million Tons Wheat Production
India - New Wheat Varieties Yield 30-63 Quintals Per Acre
Iraq - Barzani Inaugurates Three Wheat Marketing Factories To Boost Exports
Japan - Japan Cuts Imported Wheat Price To 66,610 Yen Per Ton
Kazakhstan - Kazakhstan Grain And Flour Struggle With Afghan Market Pricing
Kazakhstan - Farmers Struggle As Wheat Prices Drop To 57 Tenge
Kazakhstan - Akmolinsk Region Harvests 200,000 Tons; Kazakhstan Exports 5.2
Kazakhstan - Prodcorporation Sets Wheat Prices At 85,000-100,000 Tenge, $215
Turkey - Corn Prices Surge To 9,600 Tl Per Ton In Konya
Turkey - Turkey'S Grain Exports Up 6.9% To $5.9 Billion
Turkey - Turkey'S Wheat Imports From Russia Drop To 30% In 2023-2024
Yemen - Wheat Workshop In Jawf: 50 Stakeholders, 3,000 To 4,

Argentina - Soybean Prices Drop To $290,000/T, Wheat Rises To $200,000/T
Argentina - Argentina Wheat Prices Hit Six-Year Lows, 1.780 Million Tons Sold
Brazil - Winter Crop Productivity Increases: Wheat Up 59.3%, Garlic 44.43%
Brazil - Brazil'S Duty-Free Wheat Import Quota Affects Market Dynamics
Brazil - Drought Cuts Paraná Wheat, Corn By 18%; Soybeans Down 15%
Brazil - Brazilian Wheat Prices R$ 1,100-1,550/Ton As Harvest Hits
Brazil, Argentina - Fungus Threatens 13% Drop In Global Wheat Production By 2070
Canada - Sask. Wheat Pledges $6.2 Million Amid Canada’S Poor Harvest
Mexico - Wheat Planting Estimated At 27,000 To 29,000 Hectares
USA - Wheat Up 0.8% To $5.70, Corn And Soybeans Gain
United States - Vilsack Advocates 15% Reference Price Increase Amid $33 Billion Overrun
United States - Corn Drops 7 Cents To $4.0575, Yield Adjusted To 183

Algeria - Algeria Targets 1.6 Million Hectares For Wheat Self-Sufficiency
Morocco - Morocco Investigates Irregularities In Wheat Subsidy Imports
Tunisia - Bct Revises Credit Terms For Tunisian Cereal Farmers By August 31

Russia - Logistics Costs For Russian Wheat Exports Rise To 7%
Russia - Russia Targets Grain Ship Near Romania, Raising Tensions

Australia - Frost Drops To -5°C, Impacts Southern Crop Production
Australia - 870 Attendees At 3Rd International Wheat Congress 2024

World - Wheat Futures Down Nearly 4% Amid Igc Production Cuts
World - Louis Dreyfus First Half Ebitda Drops To $1.057 Billion

France - France'S Wheat Production Drops 25% To 26 Million Tonnes
Wheat production in France is expected to decline significantly, with a projected total of 26 million tonnes for 2024, down from the typical 35-40 million tonnes. This is due to adverse weather leading to a 7.6% reduction in sown area to 4.39 million hectares and an anticipated yield of 62.5 quintals per hectare. Global wheat production is forecasted at 789 million tonnes.(franceinfo | Les nouvelles les plus importantes de la journée | Futura)

Italia - Turbulent Agricultural Markets: Wheat Down 26%, Butter Up 50%
The latest Areté report highlights turbulent agricultural commodity markets, with adverse weather and livestock diseases affecting production. French soft wheat for 2024 shows 26% with protein below 11%, and 35% with specific weight under 74 kg/hl. Butter prices in Europe have surged 50% this year, reaching historical highs over €8/kg, driven by limited supply and strong demand.(Italia a Tavola)

Italy - 2024 Soft Wheat Yields Drop To 40 Quintals Per Hectare
The 2024 soft wheat season in Asti faced challenges due to adverse weather, resulting in reduced yields averaging 40 quintals per hectare, down from 60/70 in previous years. Prices ranged from €173 to €318 per ton. The Gran Piemonte project aims to enhance wheat quality and production, ensuring fair prices and compliance with regulations, benefiting local farmers.(LaVoceDiAsti.it)

Poland - Grain Prices: Wheat 900 Pln/T, Corn 800 Pln/T By 2024
Grain prices in Poland may rise, with wheat potentially reaching 900 PLN/t by the end of 2023 and corn 800 PLN/t by the end of 2024 due to lower production and recent floods. Meanwhile, wheat and rapeseed prices have fallen sharply due to cheap Russian imports, while Ukrainian corn exports are expected to double. Exports through Polish ports have decreased by over one-third.(AgroFakt.pl | Tygodnik Poradnik Rolniczy)

Russia - Russia'S Grain Exports To China Hit $310 Million, Up 7%
Russian grain exports to China reached a record $310 million from January to August 2024, nearly doubling from the previous year. Key exports included barley at $125.3 million and wheat at $66.1 million. Russia's market share of China's grain imports increased from 1.2% to 2.6%, despite a 9% decline in total grain imports by China.(Правда.Ру | Журнал «Компания» | Ведомости | Агентство экономических новостей | Интерфакс | GazetemRU)

Russia - Wheat Prices Range From $216 To $220; Drought Threatens 104 Million Tons
Wheat with 12.5% protein content was last traded at Novorossiysk port between $216 and $220 per ton. An autumn drought threatens winter crop yields in European Russia, particularly for wheat, rye, and rapeseed. Farmers have harvested 104 million tons of grains, including 76 million tons of wheat, with 8.5 million hectares sown for winter crops.(agrarzeitung online | Волгодонская правда)

Russia - Russia Raises Wheat Export Duty 12.5% To 1,076.7 Rubles
Starting September 25, Russia will raise the wheat export duty by 12.5% to 1,076.7 rubles per ton, up from 956.9 rubles. The barley duty remains zero, while the corn duty decreases to 292.7 rubles from 446.3 rubles. These rates, based on indicative prices, will be effective until October 1.(DairyNews | Интерфакс)

Russia - 49% Grain Harvest Affected As Altai Declares Emergency
As of September 19, 49% of grain harvested in Altai Krai is affected by rain, yielding 3.1 million tons. Altai has declared a state of emergency, becoming the fifth Russian region impacted by severe weather. Krasnoyarsk region expects a 3-5% rise in bread prices due to damaged crops, with losses exceeding 280 million rubles across 17,000 hectares.(Катунь24 | Reuters | WTAQ | Sibnovosti | BusinessWorld Online)

Spain - National Grain Prices Rise €3 To €5/Tm Amid Declines
National grain prices in Spain have risen by €3 to €5 per ton, while U.S. prices declined due to weak exports. The stronger euro influenced European prices. Harvesting has started in Extremadura, with northern regions beginning later. In Salamanca, barley prices increased by €10 and wheat by €4.(agroinformacion.com | AgroCLM)

Ucrania - Ukraine Exports 9.3 Million Tons Of Grain In 2024/25
Ukrainian grain exports for the 2024/25 season reached 9.3 million metric tons by September 20, up from 5.9 million tons last year. This includes 5.3 million tons of wheat, 2.5 million tons of corn, and 1.2 million tons of barley. The government has capped wheat exports at 16.2 million tons, while total grain production is expected to drop to 77 million tons.(LA NACION)

Ukraine - Ukraine Wheat Exports Reach 2.24 Million Tons In August
Ukraine exported 2.24 million tons of wheat in August 2023, with Spain receiving 492,000 tons, followed by Indonesia (426,000 tons) and Vietnam (240,000 tons). Algeria and Egypt ranked fourth and fifth. By early September, exports increased to 1.277 million tons, surpassing the previous month's 1.266 million tons.(Ukraine open for business | Ukraine open for business | Ukraine open for business | АПК-Информ On-Line)

Ukraine - Ukraine Harvests 44.5 Million Tons From 12.5 Million Hectares
As of September 20, Ukraine harvested 44.5 million tons of new crops from 12.5 million hectares. Major yields include 31.9 million tons of grains and 11 million tons of oilseeds. Leading regions for grain collection are Odesa (4.1 million tons), Poltava (2.4 million tons), and Vinnytsia (2.3 million tons). Vinnytsia forecasts a 40% corn yield loss due to drought.(Діловий портал DELO.UA)

Ukraine - Ukrainian Wheat Reserves Last Only One Month, Urgent Action Needed
Ukrainian wheat reserves have reached critical levels, lasting only about a month, according to Rodion Rybczyński from the Ukrainian Millers Union. Many enterprises hold less than a month's supply, prompting them to chase small shipments of 20-30 tons. A government decree mandates that milling enterprises must maintain a two-month flour stock.(EADaily)

Ukraine - Ukraine Harvests 40 Million Tons Of New Crops This Year
Ukraine harvested about 40 million tons of new crops, including 22 million tons of wheat, which is four times the domestic consumption of around 6 million tons, according to Prime Minister Denys Shmyhal. He emphasized Ukraine's role in ensuring food security for many countries. The Ministry of Environmental Protection plans to develop a climate policy adaptation program for the agricultural sector by 2026.(Украинские Национальные Новости)

Ukraine - Russia'S Stolen Ukrainian Grain Losses Exceed Uah 30 Billion
Russia's theft of Ukrainian grain has resulted in losses exceeding 30 billion hryvnias, threatening global food security, particularly for African and Asian nations. The conflict has led to the illegal export of half a million tons from Zaporizhzhia, with the agricultural sector suffering over $7 billion in losses due to occupation and attacks on infrastructure.(УНИАН | Цензор.НЕТ | News.online.ua | Ukrinform | Ukrainian News Agency)

United Kingdom - Stronger Sterling Hits Two-Year High, Pressures Uk Grain Prices
Sterling reached its highest level in over two and a half years against the US dollar and third highest against the euro, following the Bank of England's decision to maintain interest rates at 5.0%. This strengthening could pressure UK grain and oilseed prices, making imports cheaper and exports more expensive. The next interest rate decision is on November 7.(ahdb.org.uk)

China - China Increases Altai Wheat Imports Ninefold To 970,000 Tons
China has increased imports of Altai wheat ninefold this year, with total exports from the region reaching 970,000 tons. Despite an overall 45% drop in wheat exports, significant growth was noted in other crops, including a 14% rise in wheat flour exports to 55,000 tons. Altai products were exported to 37 countries, with notable demand from China, Mongolia, and Afghanistan.(СибКрай.ru)

India - Rabi Conference Aims For 115 Million Tons Wheat Production
The Rabi conference on September 24 aims to boost winter crop production, targeting 115 million tons of wheat for the 2024-25 season amid a two-year export ban. India's overall foodgrain target is 164 million tons, with key state-specific targets of 36.5 million tons for Uttar Pradesh and 23 million tons for Madhya Pradesh.(LA NOTA DEL DÍA MÉXICO | BusinessLine)

India - New Wheat Varieties Yield 30-63 Quintals Per Acre
Scientists have developed new wheat varieties, including DBW 327, yielding 30-35 quintals per acre and resistant to pests. Another variety, Pusa Wheat 3386, matures in 145 days with yields over 63 quintals per hectare, combating diseases and reducing pest control costs. It is set to replace Pusa Wheat 2967, which yields 22 quintals per acre.(THECHOPAL | Kisan Tak)

Iraq - Barzani Inaugurates Three Wheat Marketing Factories To Boost Exports
PM Barzani inaugurated a wheat marketing factory in Zakho to modernize agriculture and boost local production. This initiative aims to enhance the agricultural sector's contribution to the economy and promote self-sufficiency in wheat production for the Kurdistan region, supporting broader efforts for economic growth and food security.(Kurdistan24 | Kurdistan24 | Kurdistan24)

Japan - Japan Cuts Imported Wheat Price To 66,610 Yen Per Ton
The Japanese government announced a reduction in the selling price of imported wheat for the third consecutive quarter, effective from October. The average price for five major wheat varieties is now 66,610 yen per ton, a decrease of 1.8%. While retail prices typically reflect changes after three months, the minor reduction is expected to have a limited impact on prices of bread and noodles.(朝日放送テレビ)

Kazakhstan - Kazakhstan Grain And Flour Struggle With Afghan Market Pricing
Kazakhstan's grain and flour are being increasingly replaced in the Afghan market by exports from Uzbekistan and Russia. Afghan buyers are interested in working with Kazakhstan but are concerned about pricing issues. Currently, nearly half of the market is occupied by Russian supplies, and 30% by Uzbek products, while high transportation costs further diminish Kazakhstan's competitiveness.(Orda.kz)

Kazakhstan - Farmers Struggle As Wheat Prices Drop To 57 Tenge
Farmers in southern Kazakhstan struggle to sell their wheat at 57 tenge per kilogram, insufficient to cover costs. A six-month ban on imports and increased Russian imports worsen the situation. Grain warehouses are overflowing, and with the wheat harvest starting two weeks late, farmers face challenges financing winter planting due to unsold crops and debts.(Новости Казахстана - newtimes.kz | inbusiness.kz | inbusiness.kz)

Kazakhstan - Akmolinsk Region Harvests 200,000 Tons; Kazakhstan Exports 5.2
In the Akmolinsk region, grain harvesters collect 200,000 tons daily, totaling over 2.5 million tons with an average yield of 13 quintals per hectare. Kazakhstan's rail grain exports surge to 5.2 million tons in 2024, with 4 million tons for foreign markets. Farmers achieve wheat yields over 40 c/ha despite heavy rains, with rapeseed at 180,000 tenge/ton.(zakon.kz | Железнодорожный журнал «Railway Supply» | ElDala.kz)

Kazakhstan - Prodcorporation Sets Wheat Prices At 85,000-100,000 Tenge, $215
Prodcorporation has set wheat prices for the 2024 harvest in Kazakhstan at 85,000 to 100,000 tenge per ton, based on gluten content. A significant 3.1 times increase in agricultural technology funding aims to enhance yields above 17 million tons. Meanwhile, the export price of third-grade wheat has risen to $215 per ton due to increased rail tariffs.(Kursiv Media | Петропавловск.news | ElDala.kz)

Turkey - Corn Prices Surge To 9,600 Tl Per Ton In Konya
In recent trading, corn prices surged to 9,600 TL per ton in Konya, closing at 9,400 TL. Ekmeklik wheat averages 10,457 TL, makarnalık wheat 11,165 TL, and barley 8,085 TL. Wheat prices rose 25% in a month, reaching 11.30 TL per kg, driven by increased demand and exports, with further increases expected by year-end.(Maraşta Haber)

Turkey - Turkey'S Grain Exports Up 6.9% To $5.9 Billion
Turkey's grain exports rose by 6.9% to $5.9 billion in the first half of 2024. Allegations of spoiled wheat by İYİ Party's Turhan Çömez were refuted by the TMO, which reported effective storage of 13.1 million tons of wheat and barley purchased in 2023, with minimal losses noted and routine checks conducted every 15 days.(Yeni Şafak | Bandırma Şehir | Gazete Banka)

Turkey - Turkey'S Wheat Imports From Russia Drop To 30% In 2023-2024
Turkey's share of Russian wheat imports has decreased to 30% in the 2023-2024 season, down from 40% last year. This 10-point drop reflects Turkey's import moratorium until 2024. Russia is redirecting wheat exports to Southeast Asia and Africa, with Bangladesh's share rising from 4% to 6%. Logistics costs for Turkey account for 7% of total wheat value.(Patronlar Dünyası | Borsa Gündem)

Yemen - Wheat Workshop In Jawf: 50 Stakeholders, 3,000 To 4,
The General Corporation for Grain Development hosted a workshop in Jawf for the 2024-2025 wheat cultivation season, attended by 50 stakeholders. The initiative includes providing 99.8% pure seeds, signing contracts with 52 investors, and expanding seed production from 1,000 to 1,500 hectares, aiming to increase output from 3,000 to 4,500 tons.(وكالة سبأ | وكالة سبأ)

Argentina - Soybean Prices Drop To $290,000/T, Wheat Rises To $200,000/T
In Rosario's commodity market, soybean prices fell to $290,000/t, $10,000/t lower than the previous Thursday, while wheat saw a slight increase in activity, with prices at $200,000/t for immediate delivery. Corn remained stable at $165,000/t. Chicago's wheat gained due to dry conditions, while corn prices dropped amid a strong U.S. harvest. Sunflower prices rose to $310,000/t.(Agroperfiles)

Argentina - Argentina Wheat Prices Hit Six-Year Lows, 1.780 Million Tons Sold
Argentina's wheat market faces stagnation with local prices at six-year lows, influenced by a 30% poor crop condition. Exporters have purchased 8.13 million tons, while commercialization for the 2023/24 season totals 12.377 million tons. A 10% lag in sales compared to previous campaigns highlights the challenging market outlook. Chicago wheat prices fell over $10 to $207.79 per ton.(Bolsa de Comercio de Rosario | Safras & Mercado | Clarín)

Brazil - Winter Crop Productivity Increases: Wheat Up 59.3%, Garlic 44.43%
The 2024/2025 winter crop in Santa Catarina is expected to show significant productivity recovery for wheat, garlic, and onions, with increases of 59.3%, 44.43%, and 39.82%, respectively. Despite a decrease in wheat planting area, productivity rose by 60%. The agricultural bulletin also covers projections for other crops and livestock production.(Radio Tropical FM 99.1)

Brazil - Brazil'S Duty-Free Wheat Import Quota Affects Market Dynamics
The article discusses the impact of Brazil's duty-free wheat import quota, focusing on its effects on the market and pricing. It highlights how this policy aims to stabilize supply and lower costs for consumers, while also addressing potential challenges for local producers. The situation underscores the balance between import reliance and domestic production support.(América Retail)

Brazil - Drought Cuts Paraná Wheat, Corn By 18%; Soybeans Down 15%
Drought and high winter temperatures in Paraná have led to significant declines in agricultural yields. Wheat production fell by 18% to 3.1 million tons, and corn also declined by 18% to 12.6 million tons. Soybean and bean crops decreased by 15% and 45%, respectively. The state is investing in irrigation to assist farmers.(https://jornalfloripa.com.br/ | Correio do Lago)

Brazil - Brazilian Wheat Prices R$ 1,100-1,550/Ton As Harvest Hits
Brazil's wheat market shows slow activity, with prices for new crops ranging from R$ 1,100 to R$ 1,550/ton. The 2024 harvest is 34% complete in Paraná, with an expected 18% decrease from last year. Argentina's drought impacts 51% of its 6.3 million hectares, worsening from 45% previously.(Notícias Agrícolas | Agrolink | Compre Rural)

Brazil, Argentina - Fungus Threatens 13% Drop In Global Wheat Production By 2070
Wheat faces a growing threat from the fungus Magnaporthe oryzae, which is expanding due to climate change. A study predicts global wheat production could drop by 13% by mid-century, impacting 13.5 million hectares by 2070. Countries like Brazil and Argentina will be heavily affected, with up to 75% of wheat areas at risk in some regions. Strategies to mitigate damage are recommended.(Revista Sociedade Militar)

Canada - Sask. Wheat Pledges $6.2 Million Amid Canada’S Poor Harvest
Saskatchewan Wheat Development Commission has committed $6.2 million to the $102 million Global Agriculture Technology Exchange project in Winnipeg to improve technical facilities for Cereals Canada. Additionally, India's duty-free imports of yellow peas are extended until December 31, with Canada exporting over 800,000 tons in 2023-24. Meanwhile, a poor durum wheat harvest in Canada raises supply concerns for Italy.(650 CKOM News Talk Sports | Farmer's Weekly SA)

Mexico - Wheat Planting Estimated At 27,000 To 29,000 Hectares
Due to low international wheat prices and lack of credit, wheat planting has declined over the past decade, from 58,342 hectares in 2013-2014 to 31,605 hectares in 2023-2024. For the upcoming cycle, estimates suggest 27,000 to 29,000 hectares, with 15,000 hectares of bread wheat secured for local demand. A new milling facility in Mexicali is expected to start operations in three years.(La Voz de la Frontera)

USA - Wheat Up 0.8% To $5.70, Corn And Soybeans Gain
Chicago wheat, corn, and soybean futures showed slight increases as weather forecasts and export indicators were assessed. Wheat rose 0.8% to $5.70-1/4 per bushel, while corn and soybeans gained 0.1% to $4.06 and 0.3% to $10.15-3/4, respectively. Concerns about supply have eased despite competitive Black Sea exports and drought worries in Brazil.(xm.com)

United States - Vilsack Advocates 15% Reference Price Increase Amid $33 Billion Overrun
Agriculture Secretary Tom Vilsack emphasized the importance of increasing reference prices in farm bill negotiations, with Republicans proposing a 15% hike and Democrats suggesting at least 5%. The Congressional Budget Office reported a $33 billion budget overrun in the House's version. Additionally, Vilsack announced $35 million in grants to boost meat processing capacity, part of a $1.4 billion investment since 2021.(Successful Farming)

United States - Corn Drops 7 Cents To $4.0575, Yield Adjusted To 183
Corn futures fell by 7 cents to $4.0575 per bushel, and wheat dropped by 1.25 cents to $5.6550 on September 19, due to weak export sales data. Meanwhile, grain futures stabilized with corn yield adjusted to 183.6 bushels per acre, amid rising demand and lower ending stocks for corn and soybeans.(Forbes Brasil | Agweek)

Algeria - Algeria Targets 1.6 Million Hectares For Wheat Self-Sufficiency
Algeria plans to achieve wheat self-sufficiency by 2024-2025, dedicating 1.6 million hectares to durum wheat cultivation, with a total of 3.069 million hectares for all crops. The target is to produce 30 million quintals of durum wheat, supported by 4.2 million quintals of seeds and fertilizers. New storage centers will be operational by March 2025.(La Nouvelle Tribune | El Watan)

Morocco - Morocco Investigates Irregularities In Wheat Subsidy Imports
Moroccan customs are investigating irregularities in the subsidized importation of soft wheat and its transformation into flour. Official visits to storage silos revealed concerns over discrepancies in import declarations and sales invoices. Suspected false reporting raises questions about subsidy misappropriation, with some products allegedly sold outside regulated mills. Ongoing investigations involve documents from 2022 regarding stock levels.(Barlamane)

Tunisia - Bct Revises Credit Terms For Tunisian Cereal Farmers By August 31
The Central Bank of Tunisia (BCT) has revised credit terms for cereal farmers, categorizing products like durum wheat, soft wheat, legumes, barley, and fodder. Published in JORT No. 115 on September 20, 2024, banks will provide seasonal credits based on production types and farm size. The deadline for credits is August 31.(Webmanagercenter)

Russia - Logistics Costs For Russian Wheat Exports Rise To 7%
Logistics costs for exporting Russian wheat to Turkey and Egypt have risen to 7%, and 22% for Bangladesh. The market share of Turkey and Egypt has decreased from 40% to 30% due to sanctions and shifting export directions. Suppliers are now favoring Southeast Asia and Africa, with increased exports to Morocco, Tunisia, Angola, and the UAE in the first two months.(АБН)

Russia - Russia Targets Grain Ship Near Romania, Raising Tensions
Tensions escalate as Russia targets a grain ship near Romania, a NATO member. This incident raises concerns over maritime security in the Black Sea region, highlighting the potential risks to shipping routes and food supplies. The situation underscores the ongoing geopolitical tensions stemming from Russia's actions in the area.(MSN)

Australia - Frost Drops To -5°C, Impacts Southern Crop Production
Frost in South Australia, Victoria, and southern New South Wales has negatively impacted new-crop production, with temperatures dropping to -5°C. Growers are losing interest in forward selling and may downgrade grain due to expected low yields. Harvesting of early barley has begun, while wheat is two weeks behind. Rain is crucial for crop recovery.(УкрАгроКонсалт)

Australia - 870 Attendees At 3Rd International Wheat Congress 2024
More than 870 researchers, policymakers, and industry professionals from over 50 countries are attending the 3rd International Wheat Congress 2024 in Perth, Australia. The event, hosted by Murdoch University, focuses on wheat research advancements, featuring 280 poster presentations and 70 speakers. Key themes include food security, sustainability, and climate adaptability. Wheat accounts for 65% of Western Australia's grain production, generating US$2-5 billion annually.(Agriculture Post)

World - Wheat Futures Down Nearly 4% Amid Igc Production Cuts
Chicago wheat futures rose 1.2% to $5.72 a bushel on Friday but are set for a nearly 4% weekly loss due to ample Black Sea supply. The IGC reduced the global wheat production forecast to 798 million tons. Wheat and corn prices fell on Euronext, with U.S. wheat exports at 258,000 tons, below expectations.(Business Recorder | Réussir | АПК-Информ On-Line)

World - Louis Dreyfus First Half Ebitda Drops To $1.057 Billion
Louis Dreyfus Company reported first-half EBITDA and profit of $1.057 billion, down from $1.169 billion, despite a 19.4% increase in shipping volumes. Net sales slightly decreased to $25.6 billion. Weaker margins were observed in grain, oilseeds, cotton, and sugar, while coffee profits improved. The company paid $507 million in dividends to shareholders.(ESM – European Supermarket Magazine | xm.com)