wheat

According to the U.S. Department of Agriculture, herewith the US grains inspected and/or weighed for export during the week ending September 16, 2021.

Russian wheat export prices rose for the 10th consecutive week last week. According to the IKAR agriculture consultancy, Russian wheat with 12.5% protein loading from Black Sea ports for supply in early October was $301 a tonne, free on board (FOB), at the end of last week, up $1 from the previous week. Sovecon, another consultancy,

Algeria’s state grains agency OAIC has issued an international tender to purchase a nominal 50,000 tonnes of durumwheat. The tender closes on Wednesday, Sept. 22, with offers having to remain valid until Thursday, Sept. 23. Shipment is sought in two periods between Nov. 1-15 and Nov. 16-30. Volumes in Algeria’s tenders are nominal and the country

On Friday, the US farm markets finish the week lower. Indeed, corn prices eased 0.35% lower last Friday. Soybeans fell nearly 1%. Most winter wheat contracts were down around 0.75%. On macro markets, oil prices fell on Friday as energy companies in the U.S. Gulf of Mexico restarted production after back-to-back hurricanes in the region

US farm markets were mixed, but mostly higer for the week. Wheat prices led the grains charge on the week, all up with double digits gains. Indeed, Chicago SRW wheat prices were up 2.95%. MGE HRS were 2.48% higher. KC HRW were up 4.46%. Also corn prices posted a nice little bounce of 1.88% for the

Canadian wheat prices for FOB delivery were (Cdn$/mt): – for the N1 class CWRS 13.5% – $475.75, down $14.48 per tonne; – for the N2 class CWRS 13.0% – $468.31, down $14.03/t; – for the N3 CWRS – $413.63, down $13.22 ; – for the N1 CWAD – $884.36, up $1.57 per tonne. (1USD=Cnd$1.268). US

This week, news and market comments will be released in a reduced mode. – US Gulf export facilities continue to push back into activity. Meanwhile higher barge values are making headlines. – Weekly US export sales figures had 1.2Mt soybeans sold, 0.2Mt corn and wheat 0.6Mt. – Canadian canola showed a small decline. – Corn