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.
On December 14, a total of 3,200 wagons were moving to the Izov station including 1,300 wagons with cakes, 561 wagons with vegetable oil, and 626 containers. Meanwhile, as many as 878 wagons were on their way to the Mostyska-2 station on that date including 489 containers, 97 wagons with metals and 90 wagons…… Read more »
About 185 wagons were transferred daily through the the Vadul-Siret – Dornesti (Romania) land border crossing as of December 19 (down 5 wagons in two weeks). By destinations, approximately 146 wagons with export cargo (up 10 units) and 39 wagons with imported goods (down 24 units) were handled daily in the period under review.
Almost 9,400 wagons were waiting for unloading at Ukraine’s western land border crossing points on December 13 (down 1,559 wagons compared with November 29). In particular, as many as 1,434 wagons were standing loaded with grain on December 13 (down 206 units compared with November 29), while 944 wagons were loaded with vegetable oil…… Read more »