Chicago wheat prices remained steady after hitting a two-week low, as concerns about weather-related damage to Russian crops eased. Despite the price fluctuations, international demand for wheat remains robust, with significant purchases from Algeria and Egypt. Soybean prices increased on…
Russia’s Sovecon agricultural consultancy has reduced its 2024 wheat crop forecast to 80.7 million metric tons, down from the previous estimate of 82.1 million metric tons, due to severe frosts. Earlier in March, the forecast was 94 million metric tons….
Ukraine has experienced a prolonged absence of rain in May, worsening crop conditions, though the lack of extreme temperatures has prevented critical damage. Despite the dry spell, the country’s agricultural output remains stable, avoiding severe deterioration. Continuous monitoring of weather conditions is essential for crop recovery hopes.
China plans to increase its wheat stockpile by purchasing more from domestic producers as the world’s top producer and consumer of wheat seeks to secure supply amid recent weather-related damages affecting global production. Adverse weather conditions have impacted crops in…
Egypt’s General Authority for Supply Commodities (GASC) purchased 470,000 metric tons of wheat in an international tender. The procurement includes 180,000 tons from Romania, 120,000 tons from France, 120,000 tons from Ukraine, and 50,000 tons from Bulgaria. This diverse acquisition…
Algeria’s OAIC purchased 840,000 metric tons of milling wheat in an international tender, with prices between $279 and $279.50 per metric ton C&F. The wheat, expected from the Black Sea region, includes Ukraine, Romania, Bulgaria, and possibly Russia. This acquisition…
Evgeny Grinchenko, GET Talks and GET Brokers leader, spoke passionately about open-mindedness and humanity. He urged everyone to embrace their humanity, be open-hearted, understand their journey, and connect with each other.
