southafrica

According to the Russian Ministry of Agriculture, as of April 23 the spring planted areas were: Wheat 456.6k ha or 3.6% of expectations (1mln ha YoY); Barley-1.2 mln ha or 15.6% (2.6 mln ha YoY); Corn-81.4k ha or 2.9% (869.7k YoY); Sunflower-242.9k ha or 2.9%(1.5 mln ha YoY).

RUSSIAN WHEAT EXPORT PRICE RISE AGAIN.

A perfect storm of factors drove grains market to new, multi-year highs past week. Several days of freezing temps in US and French winter wheat areas. The continued dryness threatening Brazil safrinha corn. The suspension of Brazilian import duties on soybeans, corn, meal and oil. Not for last, ther e was rumors China’s bougth of US

South Korea’s Feed Leaders Committee (FLC) purchased about 65,000 tonnes of #corn in a private deal on Friday without an international tender being issued. The corn is expected to be sourced from SouthAmerica. It was purchased at an estimated $305.99 a tonne c&f plus a $1.50 a tonne surcharge for additional port unloading for arrival

Egypt’s #GASC says it’s seeking wheat in a tender on April 27 for Aug 11-20 shipment, payment at sight and offers should remain valid for 24hrs.

Bangladesh’s state grains buyer has issued another international tender to purchase 50,000 tonnes of millingwheat. The deadline for submission of price offers is May 6. Bangladesh imports around 6 million tonnes of #wheat annually, making it one of the world’s biggest grain importers. Price offers are sought on CIF liner out terms. These terms include

According to the National Grain Trade Center, last week China sold 311,837 tonnes of wheat, or only 7.75% of the total offered, at an auction of state reserves. The volume sold at an average price of 2,399 yuan ($369.82) per tonne. ($1=6.4869 Chinese yuan renminbi).

According to the APK-Inform, ukrainian wheat export prices have risen $15 a tonne over the past week amid an increase in demand and spring #grain sowing delays in Russia. In fact, bid prices for high-quality soft milling wheat increased to $251-$256 a tonne FOB BlackSea port. Feed wheat also rose by $15 a tonne to

Corn futures posted life of contract highs in several contract months again this week, adding another 12% to the rally in nearby May. End users are scrambling for old crop supplies, and there is a threat of a short squeeze in May futures. That played out initially as a “pin” attempt at the May options