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China affirmed its increased grain imports of corn and wheat are not the reason for rising global grain prices. A Chinese official attributed the increase in prices to the continued coronavirus (COVID-19) pandemic and food security uncertainty. Huang Hanquan, an official with the National Development & Reform Commission, noted export restrictions and food reserve stockpiling […]

December 07, 2020 PRODUCTION After the lowest global production of durum for five years in 2019/20, production in 20/21 is expected to increase sharply year on year, however, the durum wheat market should remain tight. The sharp increase in production from last season can be primarily attributed to Canada, USA, (up 30% from the previous

With Christmas rapidly approaching, a reminder that CBOT markets close early on the 24th and are closed on the 25th. The ASX will also be closed on the following Monday the 26th for Boxing Day. Brexit concerns are once again gaining prominence. Worries emerged, déjà vu, about a no deal termination as the January end

Week 30 Nov. – 04 Dec. 2020 Chicago wheat, corn and soybean futures edged lower on Friday and were heading for weekly losses as bumper wheat harvests in Australia and Canada along with rain relief for soy and corn crops in Brazil tempered talk of tightening global supplies. A lack of fresh sales of U.S. corn and

Increased estimates for 2020/21 Australian and Canadian wheat production and Russian wheat exports (see below) pressured all wheat future prices from two weeks ago. StatCan, released its last estimates for Canadian productions. They pegged Canada’s wheat crop at 35.2Mt, which is above surveyed ideas tending slightly under the mid 34s. The production of durum wheat

Ieri l’Agenzia Statale Canadese ha reso nota la propria stima sul raccolto 2020, fissandola a 35,2 milioni di tonnellate, ovvero il livello di produzione più alto degli ultimi 7 anni. 28,6 milioni sono state le tonnellate di grano raccolte. La produzione di grano duro si è attestata a 6,6 milioni di tonnellate, ovvero al di

Private exporters reported to the U.S. Department of Agriculture export sales of 182,020 metric tons of corn for delivery to Mexico during the 2020/2021 marketing year. The marketing year for corn began Sept. 1.

Beijin – December 04, 2020 Seeking to improve its food security, China on Dec. 3 published a new draft law on management of its grain reserves that will include oversight of stocks in regions and provinces. The law was drawn up as “new situations and questions have risen regarding grains reserves security administration, posing severe challenges to