Russia's Surprise: 120 Million Tons of Grain Harvest!
What Impact Will It Have on the Market?
Here are this week's key updates in the global grain market. Stay informed on the latest trends in grain exports, price movements, and production forecasts from major countries. Let's dive into the top news stories and understand the current market dynamics.
1. Russia maintains grain harvest forecast despite bad weather
Despite adverse weather conditions, Russia is maintaining its grain harvest outlook. The Russian Ministry of Agriculture expects this year's grain harvest to reach approximately 123 million tons, which is similar to last year's level. Recent rain and frost have delayed the harvest in some regions, but the government believes the overall harvest outlook will not be significantly affected. As one of the world's largest wheat exporters, this harvest forecast could have a significant impact on the global grain market.
๐ Read Full Article> russia-maintains-grain-harvest-forecast-despite-bad-weather | hellenicshippingnews.com
๐ฌ The World's Largest Wheat Exporter's Surprise Bumper Harvest!
2. North Dakota Expects Record Wheat Harvest
In 2024, North Dakota's wheat harvest is projected to reach an all-time high, increasing U.S. wheat supply and potentially easing food inflation. The U.S. 2024 wheat production is estimated at 54.6 million tons, an 11% increase compared to 2023 and the highest level since the 2016/17 season. Particularly, durum wheat is expected to see a 15% higher yield than last year.
๐ Read Full Article> Grain Highlights 31.07.2024 | grainsprices.com
๐ฌ Positive Signals for Wheat Prices๐ฆ
3. Brazil’s Corn and Wheat Crops Recovering, Production Increase Expected
Brazil's corn and wheat crops are recovering. Recent reports suggest that Brazil’s corn production will exceed expectations, and wheat production is also on the rise. Improved weather conditions and advances in agricultural technology are credited for this recovery. Corn production is projected to reach 127 million tons, and wheat production is expected to be 9.6 million tons, a 4% increase from last year. This recovery is likely to positively impact both export expansion and domestic market stability.
๐ Read Full Article> Brazil’s Corn, Wheat Crops Recovering | world-grain.com
๐ฌ Will Corn Ingredient Markets Stabilize?
๐ Grain Scanner Comment
Article by Kim Jong-seok
Impact of Trump's Reelection on the Global Grain Market
R\If Donald Trump, the Republican presidential candidate, is reelected as President of the United States, global trade flows will undergo significant changes. Trump's protectionist policies are likely to heighten tensions in international trade agreements and have a major impact on the global grain market.
Trade Policies and Tariffs: Trump's protectionism will trigger high tariffs and trade barriers, directly affecting grain imports and exports, potentially disrupting international trade flows. For instance, if a trade war between the U.S. and China reignites, China may reduce its imports of U.S. grain, severely impacting American farmers.
Global Supply Chain Instability: Trump's policies will exacerbate the instability of the global supply chain. Strengthening trade barriers will create logistical disruptions and increase transportation costs, leading to delays in imports and exports and reducing supply chain efficiency. Major port operations could be hindered, making the smooth transportation of grain difficult.
Increased Price Volatility: Protectionism will increase uncertainty in the grain market, raising price volatility. Strengthening tariffs and trade barriers may lead to grain supply shortages, which could drive up grain prices. If Trump's trade policies intensify, the competitiveness of U.S. grain in the global market will decrease, heightening price volatility across the entire grain market.
These changes will have a significant impact on the grain market and introduce tension into the global trade environment. To ensure the stability of the international grain market, strategic responses to these changes are necessary. While Trump's reelection poses significant challenges, it may also present new opportunities for the global grain market.
GrainScanner updates new articles every week.
If you're interested in Greenlabs, please contact us.
๐ ahrin.lee@greenlabs.co.kr
GrainScanner: Your Partner in Agri-Food Trade
Russia's Surprise: 120 Million Tons of Grain Harvest!
What Impact Will It Have on the Market?
Here are this week's key updates in the global grain market. Stay informed on the latest trends in grain exports, price movements, and production forecasts from major countries. Let's dive into the top news stories and understand the current market dynamics.
1. Russia maintains grain harvest forecast despite bad weather
Despite adverse weather conditions, Russia is maintaining its grain harvest outlook. The Russian Ministry of Agriculture expects this year's grain harvest to reach approximately 123 million tons, which is similar to last year's level. Recent rain and frost have delayed the harvest in some regions, but the government believes the overall harvest outlook will not be significantly affected. As one of the world's largest wheat exporters, this harvest forecast could have a significant impact on the global grain market.
๐ Read Full Article> russia-maintains-grain-harvest-forecast-despite-bad-weather | hellenicshippingnews.com
๐ฌ The World's Largest Wheat Exporter's Surprise Bumper Harvest!
2. North Dakota Expects Record Wheat Harvest
In 2024, North Dakota's wheat harvest is projected to reach an all-time high, increasing U.S. wheat supply and potentially easing food inflation. The U.S. 2024 wheat production is estimated at 54.6 million tons, an 11% increase compared to 2023 and the highest level since the 2016/17 season. Particularly, durum wheat is expected to see a 15% higher yield than last year.
๐ Read Full Article> Grain Highlights 31.07.2024 | grainsprices.com
๐ฌ Positive Signals for Wheat Prices๐ฆ
3. Brazil’s Corn and Wheat Crops Recovering, Production Increase Expected
Brazil's corn and wheat crops are recovering. Recent reports suggest that Brazil’s corn production will exceed expectations, and wheat production is also on the rise. Improved weather conditions and advances in agricultural technology are credited for this recovery. Corn production is projected to reach 127 million tons, and wheat production is expected to be 9.6 million tons, a 4% increase from last year. This recovery is likely to positively impact both export expansion and domestic market stability.
๐ Read Full Article> Brazil’s Corn, Wheat Crops Recovering | world-grain.com
๐ฌ Will Corn Ingredient Markets Stabilize?
๐ Grain Scanner Comment
Article by Kim Jong-seok
Impact of Trump's Reelection on the Global Grain Market
R\If Donald Trump, the Republican presidential candidate, is reelected as President of the United States, global trade flows will undergo significant changes. Trump's protectionist policies are likely to heighten tensions in international trade agreements and have a major impact on the global grain market.
Trade Policies and Tariffs: Trump's protectionism will trigger high tariffs and trade barriers, directly affecting grain imports and exports, potentially disrupting international trade flows. For instance, if a trade war between the U.S. and China reignites, China may reduce its imports of U.S. grain, severely impacting American farmers.
Global Supply Chain Instability: Trump's policies will exacerbate the instability of the global supply chain. Strengthening trade barriers will create logistical disruptions and increase transportation costs, leading to delays in imports and exports and reducing supply chain efficiency. Major port operations could be hindered, making the smooth transportation of grain difficult.
Increased Price Volatility: Protectionism will increase uncertainty in the grain market, raising price volatility. Strengthening tariffs and trade barriers may lead to grain supply shortages, which could drive up grain prices. If Trump's trade policies intensify, the competitiveness of U.S. grain in the global market will decrease, heightening price volatility across the entire grain market.
These changes will have a significant impact on the grain market and introduce tension into the global trade environment. To ensure the stability of the international grain market, strategic responses to these changes are necessary. While Trump's reelection poses significant challenges, it may also present new opportunities for the global grain market.
GrainScanner updates new articles every week.
If you're interested in Greenlabs, please contact us.
๐ ahrin.lee@greenlabs.co.kr
GrainScanner: Your Partner in Agri-Food Trade