News company - Wheat - Fork Cast

According to the exchange report, the volume of grain sales from the state reserve fund has decreased to 1350 tons.

The sale of rye from the 2023 harvest was conducted at the National Commodity Exchange. It is planned to sell up to 3 million tons of grain. By June 6, 219,510 tons of grain were sold for 3.2 billion rubles.

Wheat prices dropped on three exchanges on Tuesday. The USDA report showed that the winter wheat harvest is 3% complete. A decrease in wheat crop is expected in Ukraine. Corn prices have slightly increased, while soybean prices have risen. The market is supported by expectations of negotiations between Trump and Xi.

Indonesia reduced palm oil exports by 5.37% in the first 4 months of 2025, but the total value increased by 20% to $7.05 billion. The export duty on crude oil was increased from 7.5% to 10%.

In Kazakhstan, the rise in wheat prices continues. Prices for grains of different categories remain high. Some grain processors doubt the official data on grain reserves and express dissatisfaction. The demand for soft wheat remains high.

Roman Nekrasov from the Ministry of Agriculture has announced plans to increase rice and grain production in the North Caucasus region. The production of fruits and berries in this region will also be increased to 1.6 million tons by 2030, with a share of 45.5% in production by 2024, aiming for 46.4%.

From May 28 to June 3, 2025, new customs duties on the export of grain come into force: wheat - 1364.5 rubles per ton, barley - 0 rubles per ton, corn - 606.0 rubles per ton. The changes are related to the harvest and export goals.

Exports of soybeans from Brazil in May 2025 are projected to reach 14.52 million tons, which is 1.75% higher than the forecast from last week.

Exports for January-April amounted to 40.42 million tons, close to half of last year's volume. Revenues are expected to increase with the soybean crop of 2024/25 estimated at 167.9 million tons.

Farmers of the Zabaykalsky Krai have planted almost half of the agricultural crops on an area of 64,000 hectares. Chernyshevsky district is leading with 17.2 thousand hectares. Grain crops cover 28.1 thousand hectares, rapeseed - 30.2 thousand hectares, sunflower - 3.3 thousand hectares, flax - 1.8 thousand hectares. 333 hectares of potatoes have been planted. The plan is fulfilled by 59%. Work is underway in several districts.

During the period of January-April 2025, Russia exported rapeseed oil to China for $478.2 million, which is 29% more than the previous year. Russia is leading the market, surpassing Canada and Belarus. However, rapeseed exports to China decreased by 3.4 times, reaching $13.1 million.

Rosselkhozbank's CEA forecast: the biotechnology market in Russia will reach 4.2 million tons and 700 billion rubles by 2028. Agriculture in 2021 amounted to 149 billion rubles, with an expected growth to 190 billion rubles by 2028. Biotechnologies are used to reduce production costs and increase crop yields.

National projects include the development of breeding, production of veterinary drugs, and support for the agro-industry.

Prices for sunflower seeds in Kazakhstan continue to rise. Prices for flaxseed have also increased due to high demand and limited supply. Processing of flaxseed in the EU may decrease due to shortages. China is actively purchasing flaxseed from Russia. Global flax exports will decrease, leading to a reduction in oil and meal production.