HB4 wheat being planted on limited basis in Brazil, Argentina

The smallest output in more than 10 years is expected

Most of world’s wheat production areas in 2024 experienced favorable weather

Heavy Midwest rains dampen soybean crop prospects

Year-on-year production expected to fall by nearly 60%

Has reduced yields, delayed planting

Could import up to 1 million tonnes of staple food grain

Crop scouts to see a highly variable crop

Both regions are likely to see high pressure ridges aloft this summer

Crops could be under stress from oppressive heat