Ventspils Freeport cargo turnover in August
The turnover of various types of cargo increased by 174,000 t to 808,000 t at Ventspils Free Port in August compared with July.
Вантажi: Grain
Handling at Ukraine – Slovakia border crossings*
About 340 wagons were transferred daily through the Chop – Čierna nad Tisou land border crossing point as of September 7 (up 19 wagons compared with the precious week). In particular, 304 wagons were moving on export routes (up 19 units), while 36 wagons arrived with imported goods (unchanged).
Handling at Ukraine – Poland border crossings*
As many as 1,866 wagons including 110 wagons with sunflower oil, 535 wagons with cakes, 612 wagons with ore and 182 containers were moving to the Izov station on September 13.
Ukraine exported 426k tonnes of grain by rail in September 1-13
A total of 426,000 tonnes of grain were exported from Ukraine by railways during the period started September 1 and ended September 13 compared with 876,000 t during the entire August.
Soybean market // Week 36
Since the start of the new “soybean dollar” program, Argentine farmers have been ramping up sales of the oilseed. Quotes for new crop (MY 2023-24) soybeans have fallen by $8/t to $484-487/t FOB Upriver (May shipments).
Grain market. Australia // Week 36
The Australian grain market remains stable. Farmers are monitoring weather conditions and their impact on production prospects. This week ABARES has released a new report on production forecasts for MY 2023-24.
Grain market. Russia // Week 36
Russian grain suppliers have made price concessions in order to preserve steady demand of importers. According to market participants, Egyptian GASC has contracted 480,000 t of Russian wheat under a private agreement.
Grain market. South America // Week 36
In Brazil, corn prices have been following the global trend. According to AgRural, farmers already harvested 88% of the 2022-23 safrinha crop by August 31 (98% as the same date last year) and planted 13% of the planned area with 2023-24 first crop corn.
Grain market. USA // Week 36
In the U.S., average corn prices have increased by the end of the week. Note that farmers have already started harvesting corn in some parts of the US Midwest as hot and dry weather has accelerated ripening. Still, there is uncertainty about yield potential.
Grain market. Ukraine // Week 36
Ukrainian grain export prices have been mostly falling this week. Traders are trying to attract importers’ attention to speed up sales. Due to increased bombing of the Danube port infrastructure, grain storage in local warehouses is becoming high risk, so traders are trying to switch to direct transshipment.