Brazil expecting record grain output
Brazil is anticipating a bin-busting grain harvest in the 2024-25 marketing year, according to a report from the National Supply Company (Conab), released on Dec. 12. Conab forecasts record grain production at 322.4 million tonnes, which would represent an 8.2% increase from 2023-24. The company projects that 81.39 million hectares will be sown in the...
Russia to cut wheat exports
Reuters reported, citing the Russian government, that Russia, the world’s leading exporter, plans to cut its wheat export quota by two-thirds in 2025. It will also hike wheat export duties by over 18% beginning Dec. 4, 2024, and eliminate import quotas for some staple foods. The Eurasian Economic Union (EEU) Council said Russia’s export quotas...
Rain improves US Plains wheat conditions
Recent rainfall has quickly changed the direction of winter wheat crop conditions in the US central and southern Plains. Growers hope additional rain in forecasts signals a pattern change to pull those regions out of drought, promote emergence before the hard red winter wheat crop goes dormant, and lessen the burden on spring precipitation to...