In Kazakhstan, wheat prices remain quite high amid crop problems. Grain harvesting is nearing completion, and 30 to 40% of wheat harvested this year will be sprouted, farmers’ estimates show. Such grain can be used exclusively for fodder.
U.S. corn prices got support from decreased forecast of world production by IGC analysts and continuing problems with logistics on the Mississippi River. Nevertheless, the price upturn was restrained by corn harvesting campaign in the U.S. and abundant global supplies.
Harvesting of winter grain crops continues in Australia, with about 20% of the total area already processed. In the week to October 15, 67,862 t of grain were delivered to the Viterra network; the company has already received a total of 76,925 t.
Weather concerns in Brazil have become an important pricing factor. The south of the country is receiving a lot of rain, while the north is facing a prolonged period of drought and heat, indicating the El Niño weather phenomenon.
Quotes for U.S. soybeans have increased due to strong domestic and importers’ demand.
According to results of the January-September period 2023, the cargo turnover reached almost 27 million tonnes at the ports of Szczecin and Swinoujscie, showing a 1% increase compared with the same period of 2022.
In July-September 2023, the cargo turnover of the Port of Kolobrzeg increased by 52% due to the resumption of transshipment of Ukrainian agricultural products. It should be noted that the port of Kolobrzeg was initially not included in the Polish government’s resolution on the transit of Ukrainian grain, but the mistake was later corrected…… Read more »
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.