Ukrainian Ministry of Infrastructure said Russian representatives in the JCC had refused to register and carry out vessel inspections without any explanation. Since the extension of the deal 7 ships departed from the seaports of Odesa and Chornomorsk. Total volume of shipments during this period was 255.47kmt, mostly corn to China. 18 ships are now under loading. 

China’s largest wheat-growing province of Henan is expected to be hit by more rain in coming days, complicating efforts to harvest grain already damaged by wetter than normal weather in late May. Heavy rainfall in key wheat growing regions of central and southern Henan, Anhui, Hebei, Jiangsu, and southern Shaanxi, could result in 30Mt of 2023-24 wheat being affected, with around 10-20Mt likely to have sprouted, thus rendering it unfit for human consumption.

EU Commissioner for Agriculture announced the need to extend the ban on the import of 4 crops to the five dissatisfied East EU countries until the end of October this year. While Hungary is reportedly already demanding the ban be extended until the end of the year.

Refinitiv Commodities Research pegged Canadian 2023-24 canola production at 18.1Mt (18.4Mt AAFC), with some area expected to be switched to wheat and other crops. Planted area is expected to decline by 1 percent, to 8.6 million hectares, broadly in line with the five-year average. Concerns about less than ideal planting conditions in Western Canada were noted, with soil moisture conditions rated insufficient in nearly all major cropping regions. 2023-24 wheat production was forecast at 33.3Mt (35.8Mt AAFC) with dryness noted in most of key growing regions in Western Canada, yield prospects remain uncertain. Soil moisture levels in major producing areas of south-western Saskatchewan and south-eastern Alberta have been at five-year lows since January. 

Saudi Arabia’ General Food Security Authority reportedly seeks 480,000t wheat for Sep/Oct delivery. 

South Korea’s Nonghyup Feed Inc. seeks 130,000t feed wheat from optional origins Aug/Oct shipment.

South Korea’s Feed Leaders Committee (FLC) purchased about 55,000t feed wheat from optional origins, at US$261.25/t c&f, Aug shipment.

South Korea’s Major Feedmill Group purchased 55,000t feed wheat from optional origins, at $263.90/t c&f.

The local wheat markets traded a touch firmer over the day yesterday, noting some more demand showing up for domestic consumers into Q3. The 8-day forecast is looking promising, especially for southern WA and areas of NSW that have so far missed out on a decent break. This front will be watched closely as it will dictate establishment.

There is 10-50mm pencilled in for WA and SA, Vic is looking at 15-50mm, most of NSW, except for the northeast which has 25-50mm on the forecast while Qld is looking at less than 10mm. 

.