oiac

As we said few days ago, the Soviet Ag agriculture consultancy told that it had lowered its estimate for Russia’s 2020-21 wheat exports from 40.8 million tonnes to 36.3 million due to an upcoming wheat export tax. As know, Russia is attempting to stabilize food prices with a grain export quota and wheat export tax that will […]

Canberra – January 02, 2021 The Australian government is investing A$72.7 million to help Australian farming, forestry and fishing exporters to expand and diversify in 2021. The goals of the Agri-Business Expansion Initiative are to scale up export support services to help over 2,000 Australian agri-food exporters expand their international markets, greater access to market

Buenos Aires – January 02, 2021 Argentina’s grain inspectors’ union, Urgara, said on Thursday that its members will continue to strike over the weekend after failing to strike a wage deal despite two meetings with the Chamber of Private and Commercial Ports (CPPC). The strike comes after Argentina’s soy crushing companies signed a contract with

Washington, January 02, 2021 U.S. soybeans climbed to six-year highs on Monday as weather and export troubles in Argentina outweighed concerns of a new coronavirus strain hitting Britain. Corn and wheat futures traded near even as soybeans supported the grains complex. Chicago Board of Trade most-active soybeans gained 23-1/2 cents to $12.47-1/2 per bushel, after

January 01, 2021 We have finally reached the New Year, and the grains and soy markets had finished things off with a bang. On December 31, the last market session open, the corn prices closed at 485.75 (¢ / b), beans at 1314.25 (¢ / b), and after having its fairy godmother show up to

Buenos Aires – January 01, 2021 Argentina will suspend sales of corn for export until Feb. 28, the agriculture ministry said on Wednesday, announcing the surprise move as part of the government’s effort to ensure ample domestic food supplies. The move by the world’s No. 3 corn supplier was a sign of tightening global food

According to the U.S. DEPARTMENT OF AGRICULTURE, herewith, the Outstanding Durum Wheat Export Sales Report, for the period Dec 18-24, 2020.

US WHEAT EXPORT SALES According to the US Department of Agriculture, for the period Dec.18-24, 2020 about wheat net sales of 520,600 metric tons (MT) for 20/21 were up 32% from the previous week and 4% from the prior 4-week average. Increases primarily for China (133,200MT), the Philippines (80,900MT), Vietnam (77,500MT), Indonesia (57,000MT, including 49,000MT switched from unknown destinations),

Yesterday’s announcement from the Argentinean authorities to limit corn exports is adding to the current market tightness. US corn should face an increase in demand. Argentina is seeking to curb the rise in prices on its domestic market and to secure volumes with the prospect of a smaller harvest than expected in 2020. Dry conditions

BUENOS AIRES – December 31, 2020 Argentine oilseed workers unions and soy crushing companies signed a new deal to end the 20-day strike. The strike began over oilseed workers wanting better wages particularly for those who continued to work through the height of the coronavirus pandemic. According to Argentina’s CIARA soy crushing chamber, the new