Wheat News - 24 Sep 2024

EU - Rapeseed Prices Up 12.5 Eur/T, Wheat 4.25 Eur/T Increase
EU - Euronext Wheat Prices Drop To €218.75 After Rally
EU - Eu Grain Exports Down To 5.86 Million Tons Amid Dry Weather
Europe - European Spring Crop Yields Revised Down Amid Climate Incidents
France - Ile-De-France Allocates €5.5 Million Aid For Farmers' Losses
Germany - Wheat Prices Drop Below €160, Hurting German Farmers
Russia - Russia Develops Computer System To Evaluate Wheat Quality
Russia - Tatarstan Faces 300,000-Ton Grain Shortfall, Losses Exceed 3 Billion Rubles
Russia - Bread Prices Surge 15% For White, 17.1% For Rye
Russia - Russia'S 2024 Corn Production Set To Drop 29.5% Amid Drought
Spain - Planas: Ukrainian Cereals Are First Quality, Sold Reasonably
Spain - Climsostrigo Project Reduces Agrochemical Use In Six Regions
Ukraine - Drought Affects 70% Of Ukraine'S Winter Crops And More
Ukraine - Ukraine Bread Prices Set To Rise 5-20% In May, October

Azerbaijan - Russia Supplies Over 80% Of Azerbaijan'S 1.175 Million Tons Wheat
China - China To Buy Up To 37 Million Tons Of Local Wheat
Iran - Iran Aims For 15 Million Tons Wheat Production This Year
Iraq - Iraq Aims For 6.3 Million Tons Wheat By 2024-25
Kazakhstan - Grain Prices Start At 43 Kzt/Kg, Kazakhstan Harvests 17.2 Million
Lebanon - Lebanon'S Wheat Stocks Sufficient For Two Months Amid Tensions
Pakistan - Kissan Ittehad Urges Clear Policy On Wheat, Sugarcane
Pakistan - Protesters Demand Action On Wheat Quota Cuts, 80% From Ukraine
Syria - Syrian Interim Government Offers $15 Wheat Delivery Bonus
Turkey - Oba Makarnacılık Secures $20.8 Million Wheat Sales Contract
Turkey - Turkey Leads Global Flour Exports With 23% Market Share
Turkey - Global Wheat Prices Stabilizing After Doubling From $200 To $400
Yemen - Wheat Imports Through Hodeidah Port Decline 54% Month-On-Month

Argentina - Producers Invested $15.024 Billion For 2023/24 Agricultural Campaign
Argentina - Argentina'S 2024/25 Grain Harvest Estimated At 143.2 Million Tons
Argentina - Wheat Yields Below 1500 Kg/Ha Amid Drought Crisis
Canada - Vancouver Grain Workers Strike Costs $35 Million Daily, Exports Halted
United States - Flathead Producers Report 20% Higher Wheat Yields At $4.70
United States - Us Approves Hb4 Wheat Trait; 10 States Report 4% Emergence

Africa - Africa Shifts To Russian Grain As French Wheat Supply Drops
Tunisia - Tunisia'S Cereal Reserves Cover Two Months, 560,000 Quintals Distributed

World - Wheat Futures Drop 0.6% To $5.78 Amid 798M Tons Harvest
World - Ai, Genetic Diversity, Save 1 Billion Liters Of Fungicide

EU - Rapeseed Prices Up 12.5 Eur/T, Wheat 4.25 Eur/T Increase
Rapeseed prices rose by 12.5 EUR/t to 475.25 EUR/t, driven by rising vegetable oil prices and soybean harvest risks in Brazil. Wheat increased by 4.25 EUR/t to 220.25 EUR/t due to worsening conditions in Russia, while corn also gained, closing at 206 EUR/t. Soybean prices in Chicago reached 1039.25 ct/bu, the highest since August 5.(Wiadomości Rolnicze)

EU - Euronext Wheat Prices Drop To €218.75 After Rally
Euronext wheat prices decreased, with December 2024 wheat down €0.50 to €219.75/t and March 2025 at €230.50/t. Prices fell 0.7% to €218.75 ($244.13) due to concerns over Black Sea supplies and weather. Russian exports exceed 1 million tonnes weekly, while EU soft wheat exports dropped 24% to 5.86 million tons.(Terre-net | MarineLink | MarineLink)

EU - Eu Grain Exports Down To 5.86 Million Tons Amid Dry Weather
Chicago wheat futures rose due to dry weather impacting production in Europe, while soybean prices increased for the first time in three sessions amid delayed planting in Brazil. As of September 22, 2024, EU soft wheat exports were 5.86 million tons, down from 7.67 million the previous year, with barley at 1.51 million tons and corn imports at 4.72 million tons.(Finance News: Latest Financial News | Finance News today in Bangladesh)

Europe - European Spring Crop Yields Revised Down Amid Climate Incidents
In summer 2024, nearly all of Europe will experience climate incidents, including above-average temperatures, excessive rainfall, or deficits. Following a downward revision last month for winter crop yields, the Commission has now also adjusted spring crop yield expectations downward.(La France Agricole)

France - Ile-De-France Allocates €5.5 Million Aid For Farmers' Losses
Valérie Pécresse announced a €5.5 million aid package for Ile-de-France farmers affected by unprecedented rainfall, leading to a 30-50% average loss in cereal harvests. The aid includes €1,500 for producers losing over 20% of crops, increased to €1,800 for insured farmers. Additionally, beekeepers and health defense groups will receive specific support.(Réussir)

Germany - Wheat Prices Drop Below €160, Hurting German Farmers
Wheat prices in Germany have fallen below €160 per ton due to an influx of cheap Ukrainian wheat, causing significant losses for local farmers. Prices had previously risen to €435 per ton post-Russian invasion but have dropped to €200. In contrast, bread prices increased by 34.4% over four years, driven by rising costs and regulations.(Правда.Ру | Репортёр)

Russia - Russia Develops Computer System To Evaluate Wheat Quality
In Russia, researchers have developed a computer system to evaluate wheat quality by analyzing its spikes through images. This technology aims to replace traditional measurement methods used by geneticists with a smartphone or computer-based solution, leveraging image analysis and deep learning for feature extraction and classification. Dmitry Afonnikov leads this initiative at the Institute of Cytology and Genetics.(Hi-Tech Mail.ru)

Russia - Tatarstan Faces 300,000-Ton Grain Shortfall, Losses Exceed 3 Billion Rubles
In Tatarstan, agriculture faces challenges with a 300,000-ton shortfall in grain, leading to losses over 3 billion rubles. Farmers are shifting to more profitable crops like rapeseed and sunflower. Grain prices remain low, with wheat at 15,000 rubles per ton. The region's total grain harvest reached 3.6 million tons, with a yield of 27.8 centners per hectare.(БИЗНЕС Online)

Russia - Bread Prices Surge 15% For White, 17.1% For Rye
In Russia, the price of white bread has risen by 15% and rye bread by 17.1% over the past year, driven by increased flour costs, logistics, and production expenses. Despite a good harvest, uncertainties in grain prices persist. Analysts predict further increases of 4-5% by year-end, with retail prices currently averaging 7-8% inflation.(Новости Архангельска – 29.ru)

Russia - Russia'S 2024 Corn Production Set To Drop 29.5% Amid Drought
Russia's 2024 corn production is projected to drop 29.5% due to drought, with total grain output decreasing by 12.8% to 124.4 million tons. Wheat production is expected to fall by 10.7%, leading to a 7.5% rise in corn prices to 14,100 rubles per ton. In September, Russian wheat exports are set to reach record levels, driven by favorable weather and strong global demand.(АБН | АПК-Інформ)

Spain - Planas: Ukrainian Cereals Are First Quality, Sold Reasonably
Luis Planas, Spain's Minister of Agriculture, stated that Ukrainian cereals are of "first quality" and sold at a "reasonable" price. He addressed concerns over excessive imports and price speculation during an EU meeting. Spain is the top buyer of Ukrainian corn for animal feed, emphasizing that global market conditions, not local exchanges, dictate prices.(Diario Estrategia)

Spain - Climsostrigo Project Reduces Agrochemical Use In Six Regions
CLIMSOSTRIGO is an innovative project aimed at enhancing the sustainability of soft wheat cultivation by significantly reducing agrochemical use. Developed by the Suprautonómico Operational Group, it spans three years and involves trials in six Spanish regions. The project evaluates ten varieties across different cultivation systems, addressing environmental degradation and health issues linked to excessive agrochemical use.(ECOticias.com)

Ukraine - Drought Affects 70% Of Ukraine'S Winter Crops And More
Dry weather in central Brazil, parts of Argentina, eastern Ukraine, and western Russia raises concerns for future crop yields. Over 70% of Ukraine's winter crops face extreme drought, with only 60% of planned rapeseed sown. In Argentina, 7.1% of the expected 6.3 million hectares of corn are planted, while Brazil experiences the worst drought in a decade, impacting soy and corn planting.(Agroprofil)

Ukraine - Ukraine Bread Prices Set To Rise 5-20% In May, October
In Ukraine, bread prices are expected to rise by 5-20% in May and October due to increased costs of wheat, flour, and fuel. Wheat export quotas have been raised to between 15.625 million and 16.2 million tons, but millers and bakers resist new terms, fearing domestic shortages. Further price hikes in food products are anticipated.(Kyiv1 | Kyiv1 | Главред UA | Kyiv1)

Azerbaijan - Russia Supplies Over 80% Of Azerbaijan'S 1.175 Million Tons Wheat
Russia accounts for over 80% of Azerbaijan's wheat imports. In 2023, Azerbaijan imported 1.175 million tons of wheat, with 1.022 million tons from Russia and 153,000 tons from Kazakhstan. The country's wheat demand is approximately 2.8 million tons, met by 1.7 million tons from domestic production and 1.1 million tons through imports.(REPORT.az)

China - China To Buy Up To 37 Million Tons Of Local Wheat
China will purchase up to 37 million tons of local wheat at a minimum price.(Investing.com Brasil)

Iran - Iran Aims For 15 Million Tons Wheat Production This Year
Iran aims to produce over 15 million tons of wheat this year, achieving self-sufficiency, according to Sohrab Sohrabi from the Ministry of Agricultural Jihad. As of now, 11.975 million tons have been procured, a 16% increase from last year. The total procurement cost is 211 trillion tomans, with 167 trillion tomans paid to producers.(Azerbaijan Business Center)

Iraq - Iraq Aims For 6.3 Million Tons Wheat By 2024-25
Iraq is taking significant steps to boost local wheat production and reduce import dependence. The government approved wheat sales at import-equivalent prices and increased tariffs on imported flour, starting at 10% and rising to 25% by 2025. Imports are expected to drop to 2 million tons, while domestic production is projected to reach 6.3 million tons by 2024-25.(Agrolink)

Kazakhstan - Grain Prices Start At 43 Kzt/Kg, Kazakhstan Harvests 17.2 Million
Grain prices in Kazakhstan start at 43 KZT/kg, with recommendations to halt trading due to market reactions. In 2024, over 17.2 million tons of grain were harvested, including 12.8 million tons of wheat. The government provided 580 billion tenge in subsidies. Kazakhstan aims for a $10 billion boost in grain processing, with only 3% currently processed domestically.(Новости Казахстана сегодня | Петропавловск.news | All About Feed)

Lebanon - Lebanon'S Wheat Stocks Sufficient For Two Months Amid Tensions
Lebanon's Economy and Trade Ministry confirmed that local wheat stocks are sufficient for at least two months amid rising tensions between Israel and Hezbollah. The ministry urged citizens not to panic-buy bread or flour. Meanwhile, Israeli airstrikes on September 23 resulted in 558 deaths, including 50 children and 95 women, and significant displacement and educational disruptions occurred.(Aksiyon)

Pakistan - Kissan Ittehad Urges Clear Policy On Wheat, Sugarcane
Kissan Ittehad has called for the government to announce a clear policy on wheat and sugarcane. This demand highlights the need for structured agricultural policies to support farmers and stabilize these essential commodities.(Associated Press of Pakistan)

Pakistan - Protesters Demand Action On Wheat Quota Cuts, 80% From Ukraine
Protesters in Gilgit Baltistan demanded action against reduced wheat quotas and poor flour quality, citing health risks. They highlighted that locals receive less flour than prisoners and criticized the reliance on 80% Ukrainian wheat. The ongoing wheat crisis, characterized by shortages and rising prices, has led to widespread protests for improved food security and access to quality staples.(Big News Network | Janta Se Rishta | Lokmat Times | TheNewsMill | India Narrative)

Syria - Syrian Interim Government Offers $15 Wheat Delivery Bonus
The Syrian Interim Government announced a USD 15 per ton delivery bonus for wheat in the Eastern Region for the 2024 agricultural season, effective until October 15. The price for first-grade hard wheat is set at USD 245, but farmers deem it insufficient compared to production costs. Agriculture is vital for Ras al-Ain's economy, facing significant marketing challenges.(Enab Baladi)

Turkey - Oba Makarnacılık Secures $20.8 Million Wheat Sales Contract
Oba Makarnacılık Sanayi ve Ticaret A.Ş announced a total wheat sales contract worth $20.8 million for 2024, including $11.2 million to Algeria, $3.6 million to Italy, and $6 million in Turkey. The shipments for these contracts will occur next week, between September 30 and October 7.(Urfadabugun.com)

Turkey - Turkey Leads Global Flour Exports With 23% Market Share
Turkey is the world's leading exporter of flour and the second in pasta, with a 23% share of the global flour market in 2023. Agriculture Minister Ibrahim Yumaklı highlighted the importance of food security and predicted a significant demand increase in the milling sector for 2024, following a 40% rise in global trade over the past five years.(Haberler Özel)

Turkey - Global Wheat Prices Stabilizing After Doubling From $200 To $400
Global wheat prices are stabilizing after rising from $200 to over $400 per ton, as noted by Turkey's Grain Council CEO Ahmed Gyrdal. Contributing factors include drought, the COVID-19 pandemic, and the Russia-Ukraine war. Recent harvests are improving, helping countries build necessary reserves and address food security challenges.(REPORT.az | BM.GE)

Yemen - Wheat Imports Through Hodeidah Port Decline 54% Month-On-Month
Wheat imports through Hodeidah port declined by 54% month-on-month due to Israeli strikes and Houthi militia attacks. The Yemeni rial depreciated 2% against the US Dollar, reaching 1,904 rials. Despite a 33% increase in food imports in August, wheat volumes remained lower than previous peaks. Fuel prices rose 4% in government areas, with significant year-on-year increases.(Asharq Al-awsat - English)

Argentina - Producers Invested $15.024 Billion For 2023/24 Agricultural Campaign
The Rosario Stock Exchange estimated that in the 2023/24 agricultural campaign, producers invested $15.024 billion in planting, supplies, and spraying for six main crops: soybeans, corn, wheat, sunflowers, sorghum, and barley. Funding sources included 25% from own capital and 75% from third parties, with 23% from banks, 10% from capital markets, and 67% from commercial credit.(Agrofy News)

Argentina - Argentina'S 2024/25 Grain Harvest Estimated At 143.2 Million Tons
Argentina's Rosario Stock Exchange estimates the 2024/25 grain harvest at 143.2 million tons, a 9.3% increase, due to an 8% rise in soybean planting to 17.7 million hectares. Corn acreage may decline by 21% to 8 million hectares. Drought could reduce production to 128.8 million tons, with export projections at 101.5 million tons generating $35.5 billion.(Infocampo | infobae | Sur24)

Argentina - Wheat Yields Below 1500 Kg/Ha Amid Drought Crisis
Wheat yields in La Pampa have dropped below 1500 kg/ha due to drought, with rainfall 20-50% below averages. In Santa Fe, an agricultural emergency was declared in four departments, impacting livestock and crops. The Entre Ríos Cereals Exchange reports only 62% of wheat in good condition. Additionally, wheat prices in Argentina have reached a six-year low.(El Diario de La Pampa | Meridiano Digital | Mirador Provincial | TN - Todo Noticias)

Canada - Vancouver Grain Workers Strike Costs $35 Million Daily, Exports Halted
A strike in Vancouver's grain terminals has halted exports, involving 650 workers and costing $35 million daily. This disruption threatens Canada's position as the third-largest wheat exporter, raising food security concerns. Ongoing negotiations with federal mediation aim to resolve the situation, as over 600 workers from Grain Workers Union Local 333 are involved.(Barron's | CTV News Vancouver | The Wall Street Journal | CHAT News Today | Reuters)

United States - Flathead Producers Report 20% Higher Wheat Yields At $4.70
Flathead Valley producers report high winter wheat yields, around 20% above average, despite lower protein levels, averaging almost a full point below the typical 11.8%. However, prices have dropped significantly, with winter wheat at $4.70 per bushel, down from $10. Heat waves adversely affected canola and spring wheat yields, while pulse crops faced difficult harvesting conditions.(Flathead Beacon)

United States - Us Approves Hb4 Wheat Trait; 10 States Report 4% Emergence
The U.S. Department of Agriculture approved the HB4 drought-tolerant wheat trait by Bioceres, making the U.S. the fourth country to do so. Meanwhile, winter wheat emergence in the U.S. is at 4%, 2% below last year, with Washington at 22% and Nebraska at 14%. Emergence exceeds five-year averages in some states.(Texas Farm Bureau | Successful Farming)

Africa - Africa Shifts To Russian Grain As French Wheat Supply Drops
Egypt, Saudi Arabia, Turkey, Iran, and Bangladesh are the top buyers of Russian grain, with Morocco gaining traction. French analysts predict a significant drop in wheat harvests, impacting their supply to Africa. This shift may lead to increased dominance of Russian grain in North Africa. Weather conditions will influence winter crop outcomes, depending on snow levels.(Национальная служба новостей)

Tunisia - Tunisia'S Cereal Reserves Cover Two Months, 560,000 Quintals Distributed
Tunisia's national cereal reserves now cover two months of consumption, thanks to significant durum wheat imports and enhanced storage capacity. Salwa Ben Hadid, CEO of the Cereals Office, reported that the Agriculture Ministry distributed 560,000 quintals of seeds, surpassing the average by 210,000 quintals, to tackle the 2023 agricultural challenges.(Webdo TN | Tuniscope)

World - Wheat Futures Drop 0.6% To $5.78 Amid 798M Tons Harvest
Wheat futures for December dropped 0.6% to $5.78 1/2 a bushel amid profit-taking, while corn fell 0.4% to $4.12 and soybeans rose 0.3% to $10.43 1/4. The IGC forecasts a global wheat harvest of 798 million tons for 2024/25, with a five million ton deficit. Dry soil and crop failures are boosting wheat prices.(Marketscreener.com | stock3 Börsennews | top agrar online)

World - Ai, Genetic Diversity, Save 1 Billion Liters Of Fungicide
Professor Matthew Reynolds will present at the International Wheat Congress on September 24, 2024, focusing on AI and genetic diversity to enhance wheat's resilience against drought and disease. Farmers have saved 1 billion liters of fungicide by using disease-resistant wheat varieties. Wheat currently provides 20% of human protein and calories, highlighting the need for climate-resilient varieties.(CIMMYT | EL PAÍS USA)