Russian Grain Markets: 30 October–3 November 2023 As of 30 October, Russia harvested 140.2 MMT of grains in bunker weight which is 9.8 MMT less than the same date a year ago. Grains and pulses were harvested from 45.4 Mha which is 94.6 percent of the crop averaging 3.09 MT/ha versus 3.33 MT/ha last year. The harvest status is as follows:
Wheat: 97 percent complete, producing 93.7 MMT vs 104.6 MMT a year ago, averaging 3.25 MT/ha vs 3.59 MT/ha, harvested from 28.9 Mha Barley: 97.6 percent complete, producing 21.9 MMT vs 24.4 MMT, averaging 2.81 MT/ha vs 3.07 MT/ha, harvested from 7.8 Mha Corn: 52.5 percent complete, producing 9.3 MMT vs 5.9 MMT, averaging 6.71 MT/ha vs 5.55 MT/ha, harvested from 1.4 Mha Rice: 88 percent c...
What You Need to Know Today: CBOT markets pared Monday’s sharp losses as traders booked short profits and adjusted positions ahead of the Grain Stocks report that USDA will release Wednesday afternoon. The 7-day QPF forecast from NOAA now shows heavy rain across the central and western C...
Key Takeaways: Comparative advantage encourages countries to specialize in goods they can produce at a lower opportunity cost and rely on trade for others. Differences in climate, land, infrastructure, and technology help determine where agricultural commodities can be produced most efficientl...
Mediterranean/Middle East/North Africa/Africa – MEA Region Iran is reported to have completed its rail link from the border with Afghanistan to the Iranian port of Chabahar on the Gulf of Oman — the link is expected to be fully operational in early 2027. This will be Afghanistan&rsq...
