Grain prices on December 12, 2024: corn and wheat have decreased, oats are growing, rice is stable.

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%.

India extends duty-free import of Canadian yellow peas until 2026. China has imposed a 100% tariff on peas from Canada due to a trade war. The export of yellow peas to China has decreased, so access to the Indian market becomes important for Canada.

Russia will also start supplying peas to India, creating competition for Canadian farmers. Canada may reduce prices to maintain its market position.

In early 2025, Russia increased molasses exports by 2.1 times compared to the previous year, earning $15 million. Turkey was the largest buyer, purchasing over 100,000 tons. The export of beet pulp also grew by 7%, with Morocco becoming the main consumer.

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.

Rosselkhozbank plans to use cryptocurrencies for trading grain. The bank is exploring the possibility of using digital assets in collaboration with the Central Bank. Futures trading for cryptocurrency has been launched, structured bonds have been developed, and digital assets have been issued by other banks.

The CEO of the Health & Nutrition company believes that by 2030, Russia could return to Soviet-era milk consumption levels, reaching 390 kg per capita. Currently, this figure stands at 250 kg. The increase in consumption is attributed to pricing policies, expanding assortment, and government support.

Early spring crops, sugar beets, rapeseed, and sunflowers have been successfully sown. The completion of sowing late plants is near. Losses from spring frosts in the Kursk region amounted to 250 million rubles - Gennady Babaskin.

Employees of the Product Safety Evaluation Center in St. Petersburg are fighting the dangerous Sosnovsky's hogweed using the herbicide imazapyr. The plant is toxic and widespread on millions of hectares in Russia.

To combat it, a comprehensive approach is recommended: agronomy, chemistry, and biology. Prevention and monitoring of the spread foci are also crucial.

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%.

Specialists from China have discovered that DNA methylation in rice plants helps them adapt to cold weather. A study published in the journal Cell revealed epigenetic changes that increase plants' resistance to cold temperatures. As a result, a new rice breeding strategy has been developed to combat climate change.

The Indian Meteorological Department has reported that monsoon rains in Kerala have started 8 days earlier, reaching the earliest time in the last 16 years. This could be beneficial for crops.

It is expected that the precipitation levels this summer will be above average.

In the Tambov region, stricter control over the overload of agricultural machinery during harvest is planned. Excessive load of machines with sugar beets damages roads. In 2025, it is planned to tighten the practice.