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GRAINS CHRISTMAS REPORT

December 26, 2020 Usually, the holidays bring in a sloppy performance to the grains, but not so much this year. It is likely the grains will see some sort of retracement going into the holiday, especially after posting strong gains and new highs consistently last week. |The grains gave producers an early Christmas present with […]

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Daily Market Wire – December 24, 2020

Chicago wheat March contract up US12.5 cents per bushel to 629.75c; Kansas wheat March contract up 12.75c/bu to 588c; Minneapolis wheat March contract up 8.5c/bu to 580c; MATIF wheat March contract up €2.50/t to €211.25; Corn March contract up 3.75c/bu to 447.25c; Soybeans March contract up 10c/bu to 1260c; Winnipeg canola March contract down C$7.30/t to $620.80; MATIF rapeseed February contract down €0.75/t

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US WHEAT EXPORT SALES

Washington December 23, 2020 According to the US Department of Agriculture, for the period Dec.11-17, 2020 about wheat net sales of 393,700 metric tons (MT) for 20/21 were down 27% from the previous week and 34% from the prior 4-week average. Increases primarily for Nigeria (102,000MT), Mexico (70,200MT, including decreases of 200MT), Indonesia (60,000MT), southkorea (57,000MT, including 55,000MT switched

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BRAZIL & ARGENTINA TRADE

Buenos Aires – Brasilia – December 23, 2020 The workers’ strike in the Argentine ports, now in its third week, may disrupt Brazil’s wheat milling operations if it does not end soon, representatives of the Brazilian milling industry. The report cited government data that showed incoming wheat volumes dropping, a sign that the Argentine strike is taking a

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UK GRAIN

London – December 23, 2020  The United Kingdom’s 2020 wheat harvest is projected to drop by 40% compared to the 2019 crop, according to Britain’s farming and environment ministry, which gave its final estimate for the year on Dec. 22. The sharp reduction in output, to around 10 million tonnes, is due to a wet fall

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SPAIN GRAIN

Madrid – 23.12.2020 Los precios de los cereales volvieron a descender en la última semana en los mercados mayoristas, salvo los del trigo duro, que se mantuvieron estables, y los de la avena, que subieron, según ha informado este lunes 21 la Asociación de Cereales . Con estos datos, se refleja que la tendencia bajista de

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AUSTRALIA GRAIN

Canberra – December 23, 2020  “Australian grain values have been the cheapest worldwide for some months, because many growers have been comfortable sellers at values bid to them” a trader said. He said many farmers had experienced the pleasant problem of crop yields exceeding pre-harvest assessments, and as such, given prices were above long term

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