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Private exporters reported to the U.S. Department of Agriculture export sales of 334,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year. The marketing year for soybeans began Sept. 1.

Russian wheat export prices rose for an 11th consecutive week last week. According to the IKAR, Russian wheat with 12.5% protein loading from Black Sea ports for supply in the first half of October, indeed, was at $304 a tonne, free on board (FOB), at the end of last week, up $3 from the previous

US grain prices were mixed on Friday. Corn prices fell nearly 0.75% on expectations of a brisk harvest pace moving forward. Soybeans finished the session with modest gains. Spring wheat was the day’s big winner after firmed 1%. CBOT futures also rose around 0.75%. Kansas peices were down a bit, sheding around 0,03%. On macro

China bought around 2 MMT of Australian wheat so far, out of total 5 MMT in sales made for the current crop which will be harvested Nov-Dec. They have reportedly also canceled several cargoes of French wheat given the quality.

All grains prices were in the green again yesterday. Corn prices rose 0.7%. Soybeans saw much more modest gains of around 0.15%. Chicago wheat contracts were up 1.7%. Kansas wheat contracts, trended 1.98% higher. Minneapilis wheat contracts added 0.88%. Wheat prices jumped on a round of technical buying spurred largely by North American production concerns

According to the US Department of Agriculture, US weekly wheat net sales, for the period September 10 – 16, 2021, were at 355,900 metric tons (MT). That were down 42 percent from the previous week, but up 1 percent from the prior 4-week average. Increases primarily for the Philippines (126,600 MT, including decreases of 600

Algeria ’s state grains agency OAIC is believed to have purchased durum wheat in a tender which closed on this morning. The volume bought was unclear but initial trade estimates were between 300,000 tonnes to almost 500,000 tonnes. More details are possible later. The durum was expected to be sourced mostly from Mexico with some

US farm markets were all firmed yesterday. Corn prices rose 1.5%. Soybean gained nearly 0.7%. Most wheat contracts gained between 1.75% and 2.25%. On macro markets, oil prices rose on this morning, extending strong gains overnight, as fuel demand growing and US crude stocks declining as production remains hampered in the U.S. Gulf of Mexico