Export quotes for Kazakh grains hold steady amid slow trade both on export and domestic markets. In general, however, the pace of grain exports this season is slightly higher than in the previous one.

            In Russia, players note a decrease in export quotes for milling grains and an upturn in feed prices. This trend generally reflects the level of export potential for corresponding grains in the country.

            In Brazil, the delay in safrinha corn planting is supporting relevant quotes. As of January 28, planting of safrinha was 3.9% complete vs. 14.5% as of the same date last year, Conab reports.

            The Australian grain export market has been stable this week. Farmers are expected to step up grain sales as they begin to buy fertilizers for the next planting.

            Prices for US wheat have increased on fears that a cold snap could damage the crop. According to the USDA, the state of winter wheat crops has improved in Kansas (the largest producer state), while crop state has worsened in Oklahoma (producer No. 3).

            EU grain suppliers have raised export prices due to quite strong importers’ demand and brisk shipments.