In Australia, wheat prices have fallen due to inactive trade. Exporters are buying little grain on the domestic market as importers’ demand is now focused on grain from the Northern Hemisphere and producers remain focused on weather and reluctant to sell.
Quotes for Brazilian corn are sliding down amid the progressing harvesting campaign. According to AgRural, by July 27 farmers harvested 55% of safrinha corn compared to 73% harvested as of the same date last year. Yields are high, confirming the expectation of a heavy crop. Corn trade remains quiet.
Wheat prices dropped noticeably in the United States. Quotes suffered pressure from ongoing harvesting, milder weather, as well as high competition from Russia and weak demand for U.S. wheat. According to USDA, farmers had harvested 80% of the winter wheat crop by July 30.
This season (ends September 1), grain exports from Kazakhstan are expected to reach quite a high level of 11 million t. In 10 months of MY 2022-23, 10.32 million t of grain crops were exported from Kazakhstan (+33% year-on-year).
As many as 156 wagons per day were transferred through the the Vadul-Siret – Dornesti (Romania) land border crossing as of August 8 (up 11 wagons compared with the previous week). By destinations, some 125 wagons with export cargo (up 5 units) and 25 wagons with imported goods (up 6 units) were handled daily…… Read more »
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.