![]() However, Poland, Slovakia and Hungary responded to this by reimposing their own restrictions on Ukrainian grain imports. The European Commission said it would not extend a ban on Ukrainian grain imports to Poland, Hungary, Slovakia, Romania and Bulgaria on Friday, which has been in place since May. Russian wheat exports for 2023/24 were pegged by the USDA at 49 Mt in the latest September WASDE report, up 1 Mt from the previous USDA forecast in August. Higher temperatures are likely to last until Wednesday across the states of South Australia, Victoria, and New South Wales.Ī competitive Black Sea supply is keeping a cap on large price gains. Find out more about the WASDE report.Īustralia is feeling a spring heatwave across large parts of the southeast, with temperatures expected to peak up to 16☌ above September’s average, something to monitor. This is due to downward revisions to production for major exporters: Australia (-3 Mt), Canada (-2 Mt), Argentina (-1 Mt) and the EU (-1 Mt), though this was expected by the market. Global wheat supplies are estimated to decline by 7.2 Mt to 1,054.5 Mt. Globally, the outlook for wheat was for lower supplies, consumption, exports and ending stocks when compared to last month’s report. ![]() Last week, the latest World Agricultural Supply and Demand Estimates (WASDE) were released by the USDA. ![]() Wheat markets felt a boost towards the end of last week due to supply concerns from the southern hemisphere, though expectations of competitive exports from Russia and the wider Black Sea area kept a cap on large gains. Weekly finished auction markets by regionĮnvironment FAQs for farming, growing and the industryĬhicago and Paris wheat markets felt some support last week, though Chicago maize markets ended the week lower. ![]()
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