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Wheat News - 25 Sep 2024

Wheat News - 25 Sep 2024
Europe

Georgia - Georgia Increases Russian Wheat Imports, Signaling Trade Shift
Germany - German Agriculture Suffers From Influx Of Ukrainian Grain
Italy - G7 Agriculture: Technology Innovations Enhance Sicilian Wheat Supply Chain
Russia and Ukraine - Euronext Wheat Futures Rise 0.8% To 220.50 Euros
Spain - Over 300 Producers Protest 45% Drop In Grain Prices
Spain - Farmers Protest Against 6.5 Million Tons Of Ukrainian Cereals
Ukraine - Ukraine Sows 944,500 Hectares And Exports Surge 58.7%

Americas

Argentina - Most Agricultural Provinces In Argentina Face Drought Conditions
Argentina - Argentina Grain Exports Could Reach 101.5 Million Tons
Canada - Vancouver Grain Terminal Workers Strike, Impacting Canola And Wheat
Cuba - Russia Sends $10 Million Wheat Aid To Cuba Amid Shortages
Mexico - Baja California Sur Supports Wheat Producers With 1.3 Million Pesos
U.S. - U.S. Port Strike Could Impact 36 Ports And 25,000 Workers
U.S. - Wheat Prices: Up 1.8% To $5.8850, Kc Down
U.S. - Usda Targets Wheat, Sorghum In South Dakota; Ohio'S 22 Counties Affected

Asia

Jordan - Jordan Seeks Up To 120,000 Tonnes Of Milling Wheat
Kazakhstan - State Corporation Plans Direct Grain Purchases Starting December
Kazakhstan - Kazakhstan Could Quadruple Grain Transit Through Russia To 3.2 Million Tons
Kazakhstan - Kazakhstan Aims For 2 Million Tons Grain Exports To Europe
Kazakhstan - China Invests $1.07 Billion In Kazakhstan Wheat Processing Plant
Kazakhstan - Kazakhstan Wheat Ban Shortened To November 1 Amid Price Gap
Lebanon - Bread Price Rises To 65,000 Pounds After Wheat Subsidy Removal
Thailand - Thailand'S Tfma Buys 65,000 Tons Of Feed Wheat At $268

Africa

Morocco - Morocco'S Cereal Crisis: 54% Drop In 2023-2024 Harvest
Tanzania - 100 Wheat Farmers Trained To Boost 1,200 Tons Seed Output
Tunisia - Tunisia'S 2024 Cereal Harvest Hits 6.75 Million Quintals

World

World - Ai And Genetic Diversity Boost Wheat Resilience By 2024
World - Grain Markets Lower: Corn Struggles At $4.10, Wheat Uncertain

Oceania

Australia - International Wheat Congress: $410 Million Frost Impact Highlighted

Europe

Georgia - Georgia Increases Russian Wheat Imports, Signaling Trade Shift
Georgia is increasing its import of Russian wheat, indicating a shift in its trade dynamics. The exact figures and implications of this increase were not specified in the provided text.(АПК-Информ On-Line)

Germany - German Agriculture Suffers From Influx Of Ukrainian Grain
German agriculture is suffering from an influx of Ukrainian grain. In the first eight months of 2024, 40,000 tons of wheat were shipped from Russia to Iraq. Wheat prices have dropped to €200 per ton and continue to fall. There are expectations for breakthroughs in seed selection over the next 20 years.(Агротренд)

Italy - G7 Agriculture: Technology Innovations Enhance Sicilian Wheat Supply Chain
The cooperative Probio.Si aims to enhance and trace the Sicilian wheat supply chain through technology with two projects, Sfinge and Circe, presented at the G7 Expo in Syracuse. Sfinge introduces a blockchain-based quality certification system, while Circe seeks to certify ancient grain products and assure consumers about the identity of ingredients and specific molecules linked to irritable bowel syndrome.(GEA)

Russia and Ukraine - Euronext Wheat Futures Rise 0.8% To 220.50 Euros
Euronext Wheat Futures rose 0.8% to 220.50 euros ($245.70) amid dry weather in Russia and Ukraine, impacting sowing and raising concerns about next year's harvest. However, low Black Sea export prices and increased net short positions by investors limited price gains. Ukrainian sowing dropped to 878,800 hectares, the lowest in years, while Russian wheat prices remained competitive at $215-$220 per ton.(MarineLink)

Spain - Over 300 Producers Protest 45% Drop In Grain Prices
Over 300 Spanish agricultural producers protested in Santander against the rising import of Ukrainian grain, claiming it has caused a 45% drop in domestic grain prices since May 2022. The Unión de Uniones criticized the lack of protective measures from the Spanish government and EU, warning of intensified protests if urgent action is not taken to ensure fair prices and market stability.(Agronews Castilla y León)

Spain - Farmers Protest Against 6.5 Million Tons Of Ukrainian Cereals
Farmers from Cantabria, Castilla y León, and Extremadura protested in Santander against the import of 6.5 million tons of Ukrainian cereals in 2024, claiming it creates unfair competition and threatens local agriculture. They demand safeguards from the Agriculture Minister to align import prices with local production costs, seeking recognition of agriculture as a strategic sector.(Qué! | ifomo.es Noticias | La Nueva Crónica)

Ukraine - Ukraine Sows 944,500 Hectares And Exports Surge 58.7%
Ukrainian farmers have sown 944,500 hectares of winter grains for the 2025/26 crop, with 878,800 hectares of winter wheat. Grain exports for the 2024/25 season reached 9.8 million tons, a 58.7% increase from last year, including 5.6 million tons of wheat. The government plans to limit wheat exports to 16.2 million tons.(Forbes Brasil | Notícias Agrícolas | Yahoo Finanzas | Marketscreener ES | Notícias Agrícolas)

Americas

Argentina - Most Agricultural Provinces In Argentina Face Drought Conditions
Most agricultural provinces in Argentina are experiencing drought or low water reserves, except for parts of the core area and southern Buenos Aires. The Rosario and Buenos Aires exchanges have noted wheat losses and difficulties in planting corn and sunflowers. Santa Fe, western Buenos Aires, and several other provinces face critical conditions, while southern Buenos Aires reports improved reserves.(Minuto de Cierre)

Argentina - Argentina Grain Exports Could Reach 101.5 Million Tons
Argentina's grains and oilseed output for the 2024/25 season may reach 143 million tons, with exports projected at 101.5 million tons, the highest in four years. However, rainfall shortages could lower the harvest to 130 million tons. Soybean area is expected to increase by 8%, while corn area may decline by 21%.(Successful Farming | Sudoeste BA | Infocampo)

Canada - Vancouver Grain Terminal Workers Strike, Impacting Canola And Wheat
Workers at six major grain terminals in Vancouver, Canada, have gone on strike, potentially impacting canola and wheat exports during the harvest season. Negotiations between the Grain Workers Union and the Vancouver Terminal Elevators’ Association failed over benefits. Analysts suggest the strike may not significantly impact the market unless it lasts three to four weeks, possibly redirecting exports to U.S. ports.(PortalPortuario)

Cuba - Russia Sends $10 Million Wheat Aid To Cuba Amid Shortages
Russia has sent wheat, oil, and other food supplies to Cuba, according to Ambassador Viktor Koronelli. This year, Russia provided a $100 million loan, with $10 million allocated for wheat. A project has delivered over 100,000 tons of grain to Cuba. Meanwhile, Cuba reduced the size of rationed bread due to flour shortages amid ongoing energy crises and U.S. embargo challenges.(DIARIO DE CUBA)

Mexico - Baja California Sur Supports Wheat Producers With 1.3 Million Pesos
Baja California Sur government supported wheat producers with 1.3 million pesos in 2023, covering 50% of freight for 1,860 tons. Aiming to combat a disease, a meeting was held for November-December 2024 planting. Meanwhile, Mexico's grain production for 2024-25 is projected at 25 million tonnes, with corn up 6% and wheat down 25% to 2.6 million tonnes.(Diario El Independiente BCS | World Grain)

U.S. - U.S. Port Strike Could Impact 36 Ports And 25,000 Workers
A potential strike by the International Longshoremen’s Association at 36 U.S. ports could disrupt supply chains and raise prices. The contract expires on Sept. 30, with 25,000 members planning to walk off if no agreement is reached. While bulk grain exports remain largely unaffected, containerized agricultural exports, particularly soybeans and livestock products, could face significant challenges.(Successful Farming)

U.S. - Wheat Prices: Up 1.8% To $5.8850, Kc Down
U.S. wheat futures increased by 1.8% to $5.8850 per bushel due to drought concerns in Russia affecting winter wheat planting. Soybean futures rose to $10.5350, and corn to $4.15. Meanwhile, Kansas City spot basis for hard red winter wheat fell 21¢ to 80¢ over December futures, impacted by high rail freight costs and export issues.(LA NACION | World Grain)

U.S. - Usda Targets Wheat, Sorghum In South Dakota; Ohio'S 22 Counties Affected
The USDA's National Agricultural Statistics Service is surveying wheat and sorghum production in South Dakota, focusing on production practices and costs. Meanwhile, Ohio has declared 22 counties, including Lawrence and Licking, as disaster areas due to drought, allowing USDA emergency loans for affected farmers, with applications due by May 16, 2025.(South Dakota Public Broadcasting | Ohio's Country Journal and Ohio Ag Net)

Asia

Jordan - Jordan Seeks Up To 120,000 Tonnes Of Milling Wheat
Jordan's state grain buyer has issued an international tender for up to 120,000 tons of milling wheat from various origins, with a submission deadline of October 1. This follows an unsuccessful attempt to purchase the same amount previously. The tender aims to ship 60,000 tons in three separate consignments from January to mid-February 2025.(MarineLink)

Kazakhstan - State Corporation Plans Direct Grain Purchases Starting December
The state corporation plans to initiate direct grain purchases starting in December to support farmers, with contracts to be signed earlier than usual. They currently hold 1 million tons of high-quality grain and aim to export, especially to China. The corporation denies any intention to monopolize grain sales and seeks collaboration with honest exporters.(ElDala.kz)

Kazakhstan - Kazakhstan Could Quadruple Grain Transit Through Russia To 3.2 Million Tons
Kazakhstan could increase grain transit through Russia fourfold, according to the Agricom conference held on September 25 in Astana. Siberia is expected to yield 10 million tons of wheat this year, while barley and corn production is low. Currently, Kazakhstan transports 600-800 thousand tons via Russia, compared to 3.6 million tons in 2012.(ElDala.kz)

Kazakhstan - Kazakhstan Aims For 2 Million Tons Grain Exports To Europe
Kazakhstan aims to increase grain exports to Europe by 2 million tons, driven by EU tariffs on Russian and Belarusian grain. The total grain yield is forecasted at 27.7 million tons, with 6.1 million tons expected for export. However, exporters face transit issues through Russia, leading to losses, while 50% of 2024 wheat is expected to be food-grade.(Kursiv Media | Kursiv Media | Голос Народа)

Kazakhstan - China Invests $1.07 Billion In Kazakhstan Wheat Processing Plant
A Chinese investor, CITIC, will invest $1.07 billion in a grain processing plant in Kazakhstan's Almaty region. The facility will process 300,000 tons of wheat annually, producing malt syrup, fructose syrup, and crystalline fructose. This project is expected to generate over 2,000 jobs, with Kazakhstan anticipating a wheat harvest of 13-14 million tons in 2024.(LS - ФИНАНСОВЫЙ ЖУРНАЛ | Русская служба The Moscow Times | BM.GE)

Kazakhstan - Kazakhstan Wheat Ban Shortened To November 1 Amid Price Gap
Kazakhstan's Grain Union proposed to shorten the wheat import ban from December 31, 2024, to November 1 or October 15 to protect the domestic market. Russian grain is 1.5 times cheaper than Kazakh grain, with yields of 20 quintals per hectare in Omsk versus 12 in North Kazakhstan, due to a decade of adapting to Western sanctions.(zakon.kz | zakon.kz)

Lebanon - Bread Price Rises To 65,000 Pounds After Wheat Subsidy Removal
The price of bread has increased to 65,000 pounds following the removal of subsidies on wheat.(L'Orient-Le Jour)

Thailand - Thailand'S Tfma Buys 65,000 Tons Of Feed Wheat At $268
Thailand's importer group TFMA has purchased approximately 60,000 to 65,000 metric tons of animal feed wheat at $268 per ton, for shipment between December 1-20. The tender sought shipments totaling up to 195,000 tons, with the seller likely being trading house CHS and potential origins from the Black Sea region or Australia.(XM | MarineLink)

Africa

Morocco - Morocco'S Cereal Crisis: 54% Drop In 2023-2024 Harvest
Morocco faces an unprecedented cereal crisis due to six years of drought, requiring imports of up to 75% of its annual cereal needs, over 10 million tons. The 2023-2024 harvest is projected at 2.5 million tons, a 54% drop. The government’s inadequate policies and worsening climate conditions threaten the economy, with agriculture contributing 14% to GDP. Urgent reforms are needed.(Maroc diplomatique)

Tanzania - 100 Wheat Farmers Trained To Boost 1,200 Tons Seed Output
The Agricultural Seed Agency (ASA) and the Alliance for a Green Revolution in Africa (AGRA) trained over 100 wheat farmers in Tanzania's Kilimanjaro and Arusha regions to enhance wheat cultivation. This initiative aims to boost production, with ASA reporting a wheat seed output of over 1,200 tons. Tanzania's annual wheat production is around 100,000 metric tons, against a demand of 1,000,000 metric tons.(IPPmedia)

Tunisia - Tunisia'S 2024 Cereal Harvest Hits 6.75 Million Quintals
Tunisia's cereal harvest for 2024 reached 6.75 million quintals, with 5.9 million quintals of durum wheat (88%), 0.23 million quintals of soft wheat (3%), and 0.6 million quintals of barley and triticale (9%). This is a significant increase from 2.9 million quintals last year, attributed to improved conditions and support for farmers. There are 182 collection centers operational.(Webmanagercenter)

World

World - Ai And Genetic Diversity Boost Wheat Resilience By 2024
Professor Matthew Reynolds will present at the International Wheat Congress on September 24, 2024, discussing enhancing wheat's abiotic stress tolerance through AI and genetic diversity. This collaborative research aims to create resilient wheat varieties, improving global food security and environmental sustainability, particularly benefiting farmers in South Asia and Africa.(Krishak Jagat English)

World - Grain Markets Lower: Corn Struggles At $4.10, Wheat Uncertain
Grain markets are mostly lower, with corn struggling to surpass $4.20 and currently at $4.10. Non-commercial investors are covering short positions but lack interest in going long. Weather concerns in Brazil and potential hurricane impacts on harvest may affect prices, but currently, the market shows weak demand. Cattle prices are fluctuating, influenced by stock market trends.(Inkl)

Oceania

Australia - International Wheat Congress: $410 Million Frost Impact Highlighted
At the International Wheat Congress, Brenton Leske highlighted the Dale Frost Research Site in Western Australia, pivotal in addressing frost's $410 million impact on crops. Established in 2016, the 40ha site has screened over 1,200 wheat varieties for frost tolerance. With climate change increasing frost severity, ongoing research is essential for developing resilient crop varieties.(Countryman)