Browse Data and Analysis

Improved weather forecasts are expected to lead to recoveries in grain production in Argentina. However, continued dry conditions are projected to limit planting of wheat and rice.

The wheat and barley harvest continues toward conclusion in Turkey, with a surprisingly better performance than expected after generous spring rains following a historic winter drought.

The recovery of the 2023 southwest monsoon from third week of June and forecasted normal precipitation in July will support ongoing planting of kharif (fall harvested) season crops.

South Africa is currently harvesting its second largest corn crop in history and a fourth consecutive bumper crop. This creates a bearish outlook on local corn prices and will limit an expansion in the area to be planted with corn in marketing year (MY) 2023/24.

There are no changes to rice and corn production and imports, nor wheat imports for MY 2023/24.

Zambia’s production of its staple crop, corn, is expected to grow by 23 percent to 3.3 million metric tons (MMT) in marketing year (MY) 2023/24, mainly due to an upsurge in planted area.

FAS Sofia updates its forecasts for Bulgarian production of grain crops in marketing year (MY)2023/24 to 10.5 million metric tons (MMT), based on improving prospects for average yields for wheat, barley, and corn.

Post forecasts that, despite recent heavy rainfall in major producing provinces that has impacted quality, total wheat production in the People’s Republic of China (PRC) will be comparable in quantity to the previous year due to higher area planted and harvest completion in June.

With Brazil continuing to produce record corn crops, Post forecasts corn production for MY 2023/24 at 131 MMT, up 1.6 percent from the current season. However, falling profit margins and ongoing infrastructure and logistics hurdles may impact the next harvest’s outcome.

Corn, rice, and sorghum production forecasts for marketing year (MY) 2023/2024 are revised upward, while wheat production is forecast lower at 3.4 million metric tons.

This report contains revised production and export forecasts for MY2023/24 by Post

Zimbabwe’s corn crop for marketing year 2023/24 is estimated at 1.5 million metric tons. This represents an increase of five percent from the previous marketing year’s crop, mainly due to a normal rainfall season in the northern parts of the country.