This week, news and market comments will be released in a reduced mode.
– US Gulf export facilities continue to push back into activity. Meanwhile higher barge values are making headlines.
– Weekly US export sales figures had 1.2Mt soybeans sold, 0.2Mt corn and wheat 0.6Mt.
– Canadian canola showed a small decline.
– Corn plantings under way in Brazil, as Southern has received enough rain.
– According to Anec, Brazil’s September corn exports will likely reach 2.9 MMT vs. 6.4 million in Sep.
– Wheat production in Argentina is expected by the exchange to amount to 19.2 million tonnes.
– Argentine producers sold 250 K MT of new crop corn last week. 2022 crop total around 6.5 MMT.
– Strategie Grains is estimating the EU soft wheat crop at 129.1 MMT, a 2.4 million cut from its Aug estimate.
– The European export target was lowered by 1.7 Mt (31 Mt) due to lack of availability.
– Rapeseed continued to rise near the highly symbolic threshold of 600 € / t.
– Russian agriculture consultancy IKAR said on Thursday it had cut its forecast for Russia’s 2021 wheat crop to 74-75 million tonnes due to lower production in several regions.
– Ukrainian sunoil prices increased by 4% on lack of sunseed supply.
– UAE discusses new food security alliances with Ukraine.
Ukraine’s vast capacity for grain production and its ability to export cereals to the UAE was one of the main topics.
– The Chinese State Reserve of the 77,896 tonnes of soybeans for sale, sold only 12,825 tonnes or 16.5%, with an average purchase price of 5,762 yuan.
– Australian wheat crop seen second-biggest on record, while world wheat prices are extraordinary high.
– Local markets continued to follow the global board up and many are watching the weather maps for the next rain event with some of the crops in SA/Vic starting to show more stress.
Internationally
– SouthKorea ‘s largest animal feed maker Nonghyup Feed Inc (NOFI) purchased an estimated 201,000 tonnes of animal feed corn and 65,000 tonnes of feed wheat in an international tender that closed on Thursday.
– South Korea’s Major Feedmill Group (MFG) purchased about 198,000 tonnes of corn.
– Russia sent a vessel with more than 30,000 tonnes of wheat to Algeria.
– Jordan ‘s MIT has purchased about 120,000 tonnes of feed barley to be sourced from optional origins 60k from Viterra at 315 $ to be shipped fh January and 60k from Australian Grain Export at 319.25 $ to be shipped fh February 22.
– Jordan issues new tender to buy 120,000 tonnes wheat.
Possible shipment combinations of 60 K are Dec. 16-31, Jan. 1-15, Jan. 16-31 and Feb. 1-14.
The deadline for submission of price offers in the tender is September 22.
– Private exporters reported to the U.S. Department of Agriculture export sales of 132,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year.
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