Grain market. Australia // Week 5
The Australian grain export market has been stable this week. Farmers are expected to step up grain sales as they begin to buy fertilizers for the next planting.
The Australian grain export market has been stable this week. Farmers are expected to step up grain sales as they begin to buy fertilizers for the next planting.
Prices for US wheat have increased on fears that a cold snap could damage the crop. According to the USDA, the state of winter wheat crops has improved in Kansas (the largest producer state), while crop state has worsened in Oklahoma (producer No. 3).
EU grain suppliers have raised export prices due to quite strong importers’ demand and brisk shipments.
The Ukrainian grain export market continues showing mixed price trends in late January-early February. Traders’ attempts to sell as much agri products as possible by sea before the next prolongation of the Grain Initiative supported domestic prices and put pressure on export quotes.
The return of dry weather to Argentina and increased Chinese demand after the holidays supported prices on the US soybean market.
Grain exports from Great Odesa ports, thousand tonnes
Demand for US-origin soybeans is slackening, as the new crop soy is going to appear in the market soon. At the same time, prices have grown this week after both production and export estimates dropped in the USDA’s Jan report.
Grain export quotes hold steady in Kazakhstan. Trade remains dull. At the same time, according to the latest USDA report, the volume of wheat imports into Kazakhstan amounted to 1.5 million t this season (up 500,000 t to the previous forecast).