Mike Lee retweeted
Australian wheat farmers have been achieving phenomenal productivity progress despite challenging seasonal conditions and some of the world’s most difficult soil types to work with. Since the 1980s, innovation has helped lift yields even as growing season rainfall has fallen in some regions. The gains in production have added around 15 million extra tons of wheat production annually. Peter Hobson’s Reuters article is a great read on developments in Australian cropping — ideal for your commute.
reuters.com/investigations/l…
I assume the "robust" security guarantees Russia has agreed to will be as “robust” as the guarantees contained in the Budapest memorandum.
Can’t help thinking that news Russia has agreed to allow the US and Europe to give Ukraine "robust" security guarantees as part of a potential peace deal, will come as news to Russia.
Russia’s statistics service has published the latest crop survey, cutting wheat from 28.5 to 26.9 million hectares, which should throttle back the more optimistic forecasts.

As of 8 August, Ukraine’s wheat harvest was 75% cut producing just under 15 million tonnes from 3.7 million hectares, at a yield of 4.0 tonnes per hectare.
Farmers in Russia’s Chernozem region forecast worst harvest since 2022: we’ve been saying this since May.
ukragroconsult.com/en/news/f…
The first drone fired into Pskov in two years was shot down by a fighter jet and hit a house 200m from where we were staying. Still trying to decide if that’s good or bad luck.
Our latest Russian sunflower update and yield forecast is now available.
blackseacropforecasts.com/
Our latest reports on Russia’s wheat harvest progress looks at why Siberia will have to do a lot of heavy lifting if production is to reach the current consensus of 82-85mmt.
blackseacropforecasts.com/
Our recent Black Sea report on Ukraine’s wheat harvest progress includes our forecast and why we think the current consensus of 21-22mmt is optimistic.
blackseacropforecasts.com/
Twitter is blocked in Russia and VPNs are illegal, yet Medvedev tweets. We are all equal but some are more equal etc.
Today's Ukraine harvest update, which reports that farmers have cut 1.5MHA of wheat, producing 4.6MMT at a yield of 3.10MT/HA, should prompt a flurry of activity as analysts start adjusting their 20-22MMT forecasts.













