Istanbul – December 18, 2020 Cut to Turkish wheat import duties put in place in October were extended again until the end of April, when the local new crop will start to arrive. Turkey has lowered tariffs on some grain imports, including wheat, barley, and corn, to zero through April 30, 2021, reported on Dec. 17. Turkish […]
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
SYRIA NEED MORE WHEAT Leggi tutto »
In Chicago yesterday, prices increased significantly. Macro markets continued to see support on indications of more stimulus, and the US dollar index weakened to 89.7. So, up we go again – optimism taking the reins across the board as demand ideas hold up and availability worries work back in. Infact, recent limited rains have not
Daily International Grains Market View Leggi tutto »
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
Daily Market Wire – December 18, 2020 Leggi tutto »
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
China has upended the European Grain Market too Leggi tutto »
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
LAST WEEK MARKET COMMENTS Leggi tutto »
US futures markets firmed on Friday. The US dollar index weakened to 91.8. Coronavirus vaccines have started shipping over the weekend, with distribution set to start (slowly) in coming days. The overall question remains how quickly larger quantities can become available, but the first steps are underway. In the meantime, case counts continue to spike
Daily International Grains Market View Leggi tutto »
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
PAKISTAN WHEAT NEWS Leggi tutto »
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.
DROUGHT – LA NINA Leggi tutto »
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
November IGC report highlights rising consumption and falling stocks Leggi tutto »
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