1. Ukrainian officials said that Ukraine is seeking assurances from Russia and the United Nations that the Black Sea Grains Agreement will work properly if Ukraine allows Russian ammonia to transit Ukrainian territory.
2. The U.S. threat to sue Mexico over plans to limit the use of genetically modified corn under a regional trade agreement is no longer a concern, Mexico’s agriculture minister said.
3. In its monthly forecast report, the European Commission raised its forecast for soft wheat and rapeseed production in the EU this year, while lowering its forecast for barley and corn production.
4. Reuters agricultural products columnist Karen Braun said that US corn is in good condition at the beginning of the growing season, but the initial health status shows that corn growth status still needs to be confirmed, especially considering future drought forecasts. Fields in the U.S. corn and soybean belt are expected to be in good shape in June, but most areas are in dire need of rain after weeks of drought.
5. Data from the US Department of Agriculture showed that the growth of winter wheat in the United States affected by the drought has improved more than analysts expected, but the growth of corn in the United States is worse than last year.
6. CBOT wheat fell to its lowest level in two and a half years on Wednesday, falling for the eighth consecutive month, due to favorable rainfall in the U.S. planting belt and sluggish export demand.
7. Cargo handling at the port of Santos in Brazil is expected to increase by 6.8% to a record 12.5 million tonnes in 2023 due to strong demand in China and a record-breaking grain harvest in Brazil.
8. The Egyptian government has purchased 3 million tons of local wheat from farmers.
9. Malaysian palm oil futures fell for the second consecutive trading day on Tuesday, recording their worst single-day performance in two weeks, due to market concerns about oversupply.
