Grain market. Kazakhstan // Week 50
No major shifts have been reported in Kazakhstan. Grain export quotes hold steady, while pace of trade is still moderate.
No major shifts have been reported in Kazakhstan. Grain export quotes hold steady, while pace of trade is still moderate.
Prices for EU grains have been sliding down, partly pressured by an increase in export forecast for French wheat this season to 10.3 million t (300,000 t above the previous estimate), up 17% from last year’s volume and the highest level in the last three years. China is showing the strongest interest in…… Read more »
The Russian grain export market continues to show mixed price dynamics. The market picture remains ambiguous, which has a corresponding impact on pricing.
In Australia, wheat prices have inched down, while barley export quotes stay at last week’s levels.
Brazilian corn prices have shown an upturn amid strong demand. Planting of first crop corn is coming to an end, with up to 96% complete.
Quotes for US-origin wheat have been growing after a sharp fall last week. However, the price upturn has been restrained by shipments of Black Sea and Australian grain to world markets,
Last week’s decline in urea offer prices significantly spurred purchasing activity in Egyptian ports, allowing local producers to sell at least 80,000 t of granulated fertilizer with Jan shipment within the price range of $535-565/t FOB.
After a series of deals signed at $725-730/t CFR India last week (due to long delivery, particularly from Russia, and probably only to replenish stocks), purchasing activity has slowed down on the Indian phosphorous fertilizer market, but there is still some activity in the country.
Iron ore price trend looks pretty mixed in China due to high market volatility.