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SYRIA NEED MORE WHEAT

MOSCOW – December 18, 2020 Russian Foreign Minister Sergey Lavrov said Russia supplied 100,000 tonnes of wheat to Syria as humanitarian aid since the start of 2020 and plans to ship more, the Interfax news agency reported on Thursday. Syria’s economy has been strained by a complex, multi-sided conflict now in its 10th year, as well […]

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Daily Market Wire – December 18, 2020

Chicago wheat March contract up US10.25cents per bushel to 608.75c; Kansas wheat March contract up 8.5c/bu to 570c; Minneapolis wheat March contract up 8.25c/bu to 567c; MATIF wheat March contract up €1.50/t to €207.25; Corn March contract up 5.25c/bu to 432.5c; Soybeans March contract up 17.5c/bu to 1205c; Winnipeg canola January contract up C$12.30/t to $615.20; MATIF rapeseed February contract up €1.50/t to

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China has upended the European Grain Market too

China’s massive appetite for grain is rippling through Europe’s markets, fuelling sharp price rallies as traders struggle to meet relentless export demand amid dwindling supplies. As local buyers like livestock feed makers vie with importers for a shrinking European cereal surplus, prices could continue rising until demand is dampened or next crops are harvested around

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LAST WEEK MARKET COMMENTS

Week 23-27 November 2020 Price changes week on week. Grain and oilseed complex closed marginally higher in the short trading week due to the US’s Thanksgiving holiday. The fundamental remain, persistant dryness in south America, continued deamand from China, and expected USD weakness. In our view, there is more potential price upside in both the Corn

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PAKISTAN WHEAT NEWS

Karachi – November 28, 2020 Two vessels Densa Jaguar and Scarlet Lady carrying 52,500 and 63,000 tonnes of wheat, respectively, were berthed at the Karachi Port and Port Qasim on Friday, the Trading Corporation of Pakistan (TCP) said. With the arrival of these two vessels, the TCP has so far imported a total of 391,625

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DROUGHT – LA NINA

North America grain, oilseed and pulse production in 2020 was amazingly good given the environment that some crops were given to develop in. Drought impacted a huge part of the continent this year extending from the heart of Canada’s Prairies through the northern and western US Plains and all of the far western states into northern Mexico.

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November IGC report highlights rising consumption and falling stocks

According to the latest International Grains Council (IGC) monthly report, total world wheat and coarse grains production in 2020-21, following a small decline this month, at 2219 million tonnes (Mt) is now 33Mt above the 2019-20 crop. Despite production declines seen over recent months, world maize output is still expected to be record 1146Mt, with record

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Vilnius – November 27, 2020

Accordining to Swedbank Corporates & Institutions, Linas Agro Group had divestment of an over 2,000 ha agricultural land portfolio, located in the most fertile regions of Lithuania, to INVL Asset Management Sustainable Timberland and Farmland Fund II. The group will use proceeds from the sale for planned investments and business development. Linas Agro Group is a leading agriculture and

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