The global grain and oilseed market: wheat, corn, and soybeans became cheaper on Wednesday

Agricultural production in Russia in 2025 compared to 2024 may increase by 2.2% (taking into account new territories), a source familiar with the text of the macroeconomic forecast submitted by the Ministry of Economic Development to the government for 2025-2028 told "Interfax," which will be considered at a meeting on September 24. This is twice as low as in the April version of the forecast - 4.4%. In 2024, agricultural production, according to Rosstat, decreased by 3.2%. According to the forecast, in 2026 production will grow by 3.9% compared to 2025 (by 1.7% according to the previous estimate), in 2027 by 2% (by 1.6%), and in 2028 by 2.8% (by 2.9%). Agricultural production growth in 2028 compared to 2024 may amount to 11.3% (11%). Food production this year, according to the macroeconomic forecast, will grow by 0.4% (by 1.3%) against 4.5% in 2024. In 2026, growth will accelerate to 2%, in 2027 to 2.1%, and in 2028 to 2.4%. The growth rates in 2026-2028 correspond to the ...