Grain exports from Ukraine by railways exceeded 1.2 million tonnes in the period started November 1 and ended November 15. To compare, a total of 1.73 million t of grain were carried abroad by railways in October, according to updated reports.
Approximately 10,500 wagons were waiting for unloading at Ukraine’s western land border crossing points on November 15, down 2,355 wagons compared with October 31. In particular, as many as 2,009 wagons were standing loaded with grain on November 15
In the U.S., soybean export quotes have increased amid high importers’ interest and concerns about weather conditions in Brazil. Domestic demand for soybeans also supported the export quotes amid reports of a record processing volume in October.
More than 9,200 wagons with various goods were found waiting for a transfer through Ukraine’s western land border crossing points on November 16 compared with 11,600 wagons in late October.
Grain prices are stable in Australia. Harvesting of winter crops continues. The work is progressing well and is expected to be completed by the end of December (a few weeks earlier than usual).
In mid-November, export prices for Kazakh wheat have inched down. Such dynamics is due to low domestic and export demand, as well as problems with the quality of grain and competition with suppliers from Russia.
Russian grain prices have shown minor shifts despite growing demand and limited offer on the domestic market. By November 14, the volume of concluded contracts for wheat sales amounted to 2.4 million t (against 1.9 million t in October).
Mixed price trend can be seen on the EU grain export market. Thus, prices are under pressure from competition with Black Sea wheat (mainly Russian grain) and the prospect of an increase in grain stocks in France to the maximum in the last six years.
In Ukraine, grain export prices have shown an upturn amid steady demand and ongoing problems with shipments by sea. Wheat is being increasingly shipped to Asia, with feed wheat being popular in Spain, Italy and Bangladesh (quotes are voiced at $227-230/t C&F, $200/t DAP and $265/t C&F, respectively).
The overall cargo turnover reached 739,000 t in the Liepaja SEZ in October (up 119,000 t compared with September). The result has become the highest since April 2022. Note that the increase is solely due to a 142,000 t hike in transshipment of dry bulk cargo to 573,000 t.