The start of the Black Sea region’s new wheat marketing year from Monday, July 1 offers an opportunity to look back on the previous marketing year and to focus on Ukraine’s experience and the effect that the self-declared humanitarian corridor has had on the country’s agricultural exports.

Updated forecast by trade association Cocereal pegs 2024 wheat crop slightly higher than previous projections

A report by the USDA forecasts an increase in US ending stocks for 2024/25 to 769 million bushels, alongside a slight decrease in global stockpile estimates.

Rates fell on major routes like Brazil-Northeast Asia and US Gulf-Northeast Asia, driven by excess tonnage in the Atlantic basin and the impact of decreasing oil prices

The Ukrainian Grain Association estimated the 2024/25 crop of oilseeds and grains in Ukraine at 74.6 million tonnes, down by 2% from the initial forecast of 76.1 million tonnes in March.

Learn more about how SAF can generate more demand for agricultural products and economic benefits for farmers in the short-term

Grains and soybean Prices have been dropping amid ample offers despite lower-than-expected output in 2023-2024

Total EU soybean import for the year to date reaches 7.2 million tonnes, with Spain, Netherlands, Germany, Italy and Portugal being the main importers

Published in a recent Gaftaworld issue, Tim Worledge, editorial director at Fastmarkets Agriculture shares his view on oilseeds and veg oils 2024 demand outlooks

Brazilian soybean prices are under further pressure from another bumper harvest and weak Chinese demand