The pace of export trade is gradually decreasing on the Ukrainian grain market, although quotes have grown this week. Only corn is being traded at the moment. Offers are coming at $227-230/t C&F Spain and $227/t C&F Egypt.
Almost 10,100 wagons were waiting for unloading at Ukraine’s western land border crossing points on December 20 (down 858 wagons compared with November 29).
The November cargo turnover of the Ventspils Freeport has become minimal since January 2021.
Grain exports from Ukraine reached more than 1.73 million t in December 1-20, 2023 compared with 2.43 million t during entire November 2023. About 1.32 million t of grain were shipped through Ukraine’s ports in the period under review (against 1.7 million t in November)
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 »