Tied to potentially expanded #area and better #yields , #global #durum #output in 2024/25 is predicted to rebound y/y, including larger crops in #Canada and #Turkey .

World #lentils ( #pulses ) #production in 2024/25 is predicted to climb to above-average levels owing to increased planted #area and higher #yields .

Global #rapeseed ( #canola ) #trade in 2024/25 is forecast to increase moderately, including increased #EU purchases, where a lower domestic #outturn is likely to underpin increased #import requirements.

World #rye #stocks in 2024/25 are projected to decline, amid tightening inventories in #Canada , #Russia and the #EU .

Global 2024/25 #barley #output is projected to increase moderately, including the potential for an above-average output in the #EU , buoyed by a rebound in #Spain .

Global #rice #trade in 2025 (Jan/Dec) is forecast to increase slightly, tied to rising sub- #Saharan African demand, albeit as #India ’s shipments may remain below recent peaks on an assumed continuation of export curbs.

Global #lentils ( #pulses ) #trade in 2024 (Jan/Dec) is expected to decline markedly, owing to falls in #purchases by #India and lower exportable surpluses in #Canada and #Australia .

Global 2024/25 #sorghum #production is predicted to increase y/y, including gains in the major exporters, namely #Argentina , #Australia and the #US .

Subscribe to the IGC’s monthly #GrainMarketReport for more details on the global supply and demand outlook for #grains #oilseeds #rice and #pulses at igc.int
#wheat #maize #corn #soybean #barley #sorghum #oats #rye #rapeseed #canola #pulses #sunflowerseed

#Barley #exports by #Kazakhstan in 2023/24 (Jul/Jun) are forecast to decline modestly, albeit with a growing share destined for #China , where #imports are predicted climb to a #record high.

World 2024/25 #oats #production is forecast to rebound following sub-par output in the prior season, including predicted gains for the #EU , #Canada and #Australia .

Global #soy bean use in 2023/24 could reach a fresh #peak on strong demand for #soy products from #feed , #food and #industrial sectors. The bulk of predicted annual gains stems from a recovery in #processing in #Argentina .

World #sunflowerseed #trade in 2023/24 (Oct/Sep) is forecast to contract sharply owing to declines in #EU purchases and smaller exports from #Ukraine . However, #shipments from #China are predicted to rise.

Average dry bulk #freight rates showed little overall change over the past month, but as Capesize rates were typically volatile. Over the period, generally subdued trade in the Atlantic contrasted with brisker demand in the Pacific Basin.

Global #maize ( #corn ) output in 2024/25 could expand to a fresh #peak despite various constraints, including in #Argentina where significant #yield and #area losses from corn stunt disease in late-season crops have been noted.

While global trade may retreat for a second consecutive season in 2024/25, current supply projections indicate a potential shift in exports from the Black Sea region to other major exporters.

South Asian #rice #imports in 2024 (Jan/Dec) are forecast to increase slightly, but down on the recent average, as gains in #Sri #Lanka , #Afghanistan and #Nepal offset reduced #purchases from #Bangladesh .

🌎WORLD BALANCE F.CAST for 2024/25🌏 released by International Grains Council
#corn 🌽
#soybean 🌱
#wheat 🌾
#durum #durum wheat #granoduro
#rapeseed #canola
#oilseeds
#rice 🍚
#barley 🫘

#Ukrainian #rapeseed ( #canola ) local MY #exports in 2023/24 (Jul/Jun) are expected at an all-time high, as a bumper #crop facilitates increased shipments to the #EU .

Global #soybean output could reach a fresh #peak in 2024/25, led by bigger outturns in key #producers . #India ’s crop is expected to expand y/y on indications for normal monsoon rains, while #production in #China could fall moderately amid reduced acreage.