News company - Wheat - Incubator

The wheat market: the price rose in Chicago and fell in Kansas City and Minneapolis. The dollar dropped against the euro. Wheat and corn were purchased at international auctions. Weather forecasts in South America are affecting soybean futures.

In 2024, rapeseed harvest in Russia reached a record level of 4,660.2 thousand tons, showing a growth of 10.9% due to an increase in sowing areas. However, the yield decreased by 13.9%.

Krasnoyarsk Krai leads in rapeseed collection, followed by Altai Krai.

The Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) has inspected the sea checkpoints in three regions and the Republic of Kalmykia.

They checked 3 batches of sunflower meal for animals weighing 12.9 thousand tons, intended for export to Turkey. Research has confirmed that all products meet the requirements.

Russian agricultural producers can use drones for distributing beneficial insects, fighting pests, and protecting crops. The company Flyseeagro develops and distributes entomophages using unmanned aerial vehicles, collaborating with research institutions on the creation of biopesticides.

The banking group VTB plans to provide financial support to farmers through preferential programs. The agricultural lending market, after Sberbank's refusal, is transitioning to Rosselkhozbank. VTB intends to increase its loan portfolio in the agricultural sector and provide over 300 billion rubles for seasonal work in 2025.

Climate change creates new opportunities to increase ecosystem productivity in agriculture and forestry. However, the downsides include increased fire hazard and adverse agrometeorological conditions. An increase in temperature and precipitation is expected, as well as a reduction in the permafrost area. Climate change can also promote the socio-economic development of regions in Russia.

At the beginning of 2024, wheat imports to Armenia decreased by 13% to 297.3 thousand tons, costing $57.28 million. The volumes of barley and maize imports also decreased compared to the previous year.

The Trans-Baikal region has been granted permission to export rapeseed to China until 2028. Quotas have been provided to stimulate the expansion of rapeseed and sunflower production. Farmers have been allocated 13.5 thousand hectares for growing rapeseed. The harvest has increased almost fivefold, reaching 17.3 thousand tons.

Bayer and Neste have signed an agreement to develop a winter rapeseed ecosystem in the USA for biofuel production. The companies plan to increase demand for low-carbon raw materials by investing in new crops and sustainable farming systems.

Cultivation of TruFlex rapeseed will begin in 2027, which will help improve soil quality and increase its fertility.

Prime Minister Mikhail Mishustin has approved the development plan for Russia until 2030. The main goal is to achieve technological independence in food security. As part of the project, funding of 260 billion rubles is planned, increasing the level of independence from 45.8% in 2023 to 66.7% in 2030, as well as several other indicators, including vaccine production and technology creation.

In 2024, 7.3 thousand tons of rapeseed oil were exported from the Republic of Mordovia and the Penza region.

Also, the export of sunflower oil from Mordovia to China has begun. Inspectors have confirmed the absence of harmful organisms, and 487 certificates have been issued.

The exporting holding "Sea Delivery" has increased wheat supplies by 25%, started shipments to Africa and Iraq. In 2024, exporters faced problems due to duties, price fluctuations, and unstable supply. The market is struggling with the difference between domestic and international prices, as well as logistical costs.