commodities

According to the US Department of Agriculture, US weekly wheat export sales, for the period September 24-30, 2021, were at 333,200 metric tons (MT). That was up 15% from the previous week, but down 19% from the prior 4-week average. Increases primarily for Mexico (89,100 MT, including decreases of 9,400 MT), SouthKorea (82,700 MT), the

According to the Food and Agriculture Organization of the United Nations (FAO), world food prices rose for a second consecutive month in September to reach a 10-year peak, driven by gains for cereals and vegetable oils. Indeed FAO’s food price index, which tracks international prices of the most globally traded food commodities, averaged 130.0 points

Tunisia ‘s state grains agency purchased about 100.000 tonnes of durum wheat to be sourced from optional origins. It was bought in four consignments of about 25,000 tonnes. One consignment was said to have been bought from trading house Casillo at an estimated $680.67 a tonne c&f, another from Casillo at $685.89 a tonne c&f,

US farm markets were mixed again yesterday. Indeed, corn prices end the midweek session in the red losing 0.97%. Soybeans closed 0,68% lower. Bargains buyers lifted the wheat complex but a rising dollar limiting gains. Thus, spring wheat led the way, adding 1.46%. HRW futures gained 0.54%. CBT SRW prices closed 0.17% stronger. On macro

In today’s GASC international tender to buy wheat, the lowest offer for shipment between Nov. 11 to Nov. 20 was believed to be $319.97 a tonne FOB and $350,47 C&F. The wheat was sourced from Romania and the trade house was Cargill. Meanwhile, the lowest offer for the shipment period between Nov. 21 to Nov.

ODC Tunisia is tendering tomorrow to buy 100.000 tonnes of durum wheat for Nov/Dec shipment.

A government agency in Pakistan has issued an international tender to purchase and import 90,000 tonnes of wheat. Pakistan had bougth than 1.1 million tonnes in past weeks. The deadline for submission of offers in the tender from the Trading Corporation of Pakistan (TCP) is Oct. 13.

India’s wheat exports in 2021 could quadruple from a year ago to the highest level in eight years. In the first eight months of 2021, indeed, India ‘s exports surged 887% from a year ago to 3.07 million tonnes on good demand from Bangladesh, Sri Lanka, Indonesia, Nepal and the United Arab Emirates, according to