In the U.S., the soybean market has firmed up on brisk export sales in the U.S. and weather concerns in Brazil. According to USDA, private exporters have reported selling a total of 730,000 t and 125,000 t of soybeans to unknown buyers for shipments during MY 2023-24 and MY 2024-25, respectively.
A total of 15.29 million tonnes of grain and legumes were exported from Ukraine from the beginning of the current marketing year (July 1) to December 15, 2023, which is 23% below the result of the same period of MY 2022/2023. In particular, exports included 7.7 million t of corn (down 29% y-o-y), 6.5…… Read more »
Export prices for Ukrainian grain have inched down by mid-December, although there are some preconditions for an increase. Thus, the domestic market is seeing competition between processing and export-oriented companies as farmers restrain sales.
Australian wheat prices have declined following the general trend, the ongoing harvesting campaign, as well as amid higher production (+1 million tons to 25.5 million tons) and export (+500,000 tons to 22 million tons) estimates by USDA experts.
In Brazil, corn export quotes are declining amid ample global supply. Anec forecasts December corn shipments at 7.14 million t (6.86 million t projected a week earlier). Lack of rainfall in some agricultural areas continues to be a concern, with first-crop corn planting in central and southern Brazil at 95% of plan (96% a…… Read more »
In the U.S., wheat and corn prices are suffering pressure from USDA’s increased forecasts of global production and trade. In MY 2023-24, the global wheat harvest is expected to reach 783 million t (1 million t more than previously expected), while corn harvest is projected at 1.222 billion t (+1.3 million t). The estimate…… Read more »
In the EU, grain export quotes have grown over the week. Prices were supported by tenders from key importers of European agri products. Thus, the state agency of Tunisia has bought 100,000 t of wheat at $278.68-282.91/t C&F, 75,000 t of durum at $436.89-437.98/t C&F and 50,000 t of barley at $237/t C&F with…… Read more »
On the Russian grain market, prices have shown an upturn thanks to limited offer and large tenders from frequent buyers from Saudi Arabia, Tunisia and Algeria. At the same time, Egypt – a key importer of Russian wheat – is apparently not planning any purchases in the near future.
Export quotes for Kazakh wheat hold steady, with no trade upturn seen so far. As expected, wheat exports are noticeably lower this season.
Since August, when NIBULON received its first grain carriers as part of the USAID Economic Support for Ukrainian project, it has already transported almost 30,000 tonnes of grain.