On October 21, two more bulk carriers used the temporary corridor of the Ukrainian Navy. In particular, the vessels Jolanda (180.6k dwt, flying the flag of Liberia) and Briza (6.9k dwt, flying the flag of Palau) departed from the ports of Greater Odesa.
In order to meet the demand for grain transportation across Europe, the logistics company Innofreight has developed a new type of container – GrainTainers. In early October, during the visit of Valdis Dombrovskis, Executive Vice President of the European Commission, the company presented loaded wagons at the Dobra terminal in Slovakia.
Up to 291 wagons were transferred daily through the Chop – Čierna nad Tisou land border crossing point as of October 12 (down 18 units compared with the previous week). In particular, 258 wagons were moving on export routes (down 20 units), while 33 wagons arrived with imported goods (up 2 wagons).
Approximately 10,000 wagons with various goods were found waiting for a transfer through Ukraine’s western land border crossing points on October 11 compared with about 11,000 wagons in late September.
About 2,950 wagons were moving to the Izov station on October 11, including 938 wagons with cakes, 893 wagons with vegetable oil, and 246 wagons with grain. Up to 1,900 wagons were on their way to the Mostyska-2 station on that date, including 976 containers and 418 wagons with metals.
U.S. soybean prices continue to decline amid ongoing harvesting and competition from Brazil. According to the USDA, soybean harvesting has progressed to 43% of the plan (41% last year and a five-year average of 37%).
Harvesting continues in Australia, putting pressure on export prices. Trade remains inactive. The quality of harvested wheat is still good, but grain yields are fluctuating from below average to average.
Large corn supplies from Brazil continue to put pressure on global prices. Anec estimates October corn exports at 9.2 million t (8.9 million t forecasted a week earlier). At the same time, the drought in northern Brazil is causing logistical problems due to the low level of the Amazon River.