The Russian grain market is showing slow trade, with only some support for prices provided by tenders of key importers. Thus, GASC purchased 300,000 t of Russian wheat at $250/t FOB. Algerian OAIC has bought 500,000 t of wheat at $276/t C&F and part of this grain is likely to come from Russia.
Quotes for EU grains have started to decline. Current importers’ demand is insufficient to maintain such high prices amid decreasing exports from Ukraine. Besides, there is still competition with Russia.
The Ukrainian grain export market has been showing mixed price dynamics. Pace of trade is moderate, with most of the products being transported to importers by land transport or via the Danube ports. At the same time, Ukrainian corn is enjoying stable demand in the EU countries
During a meeting of Ukrainian and Slovak railroaders, ZSSK Cargo representative Josef Virba said that the company noted a negative trend in cargo acceptance (-25%, or -254,000 t compared to the previous month). In June, the volume of cargo handled reached 1 million tons.
As many as 499 wagons were heading to the Batiovo – Epereshke land border crossing point on August 7, including 234 with ore, 84 with grain, and 102 with vegetable oil. Note that the grain flow has lately been gaining pace at this border crossing.
A total of 2.58 million tonnes of grain and leguminous crops were exported from Ukraine during the period started July 1 and ended August 7, 2023 (up 29% compared with the same period of the marketing year 2022-23). In particular, the list of the exported grain included 1.27 million t of corn (down 6%…… Read more »
There were about 7,610 wagons with various goods waiting to be transferred through Ukraine’s western land border crossing points as of August 3 compared with 7,390 wagons seen in late July.
Lithuanian President Gitanas Nausėda has proposed to transfer the procedures for checking Ukrainian grain (phytosanitary, sanitary, veterinary, etc.) from the Ukrainian-Polish border to the ports of the Baltic States. Polish Prime Minister Mateusz Morawiecki responded positively.
As many as 289 wagons were transferred daily through the Chop – Čierna nad Tisou land border crossing point as of August 3 (up 15 wagons compared with the previous week). In particular, 261 wagons were moving on export routes (up 13 units), while 28 wagons arrived with imported goods (up 2 units).
In the U.S., average soybean quotes have fallen under the pressure of weather factors and despite the upturn in soybean meal prices.