Grains And Oilseeds News In Brief

14 Sep, 2017
Grains And Oilseeds News In Brief
In August, wheat export from Ukraine and Russia to countries in Asia reached a record level of 2.524 million tonnes at 2.079 million tonnes in August last year. The share of export to these countries reaches 40% of the total export.

The major customers were Indonesia, Japan, South Korea and India. Compared to the competition, the Black Sea grain was 40-50 USD / mt cheaper.

Japan purchased 100,000 tonnes of feed wheat and 6,000 tonnes of feed barley for February shipment. A new tender for the purchase of 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley is announced.

Syria is giving up the deal for shipment of 1 million tonnes of Russian wheat due to problems with receiving a credit.

South Korea's major feed producer, NOFI, announced a tender for the purchase of 138,000 tons of forage corn and 65,000 tonnes of wheat of optional origin for shipment  20.01 to 05.02.2018.

According to analysts, soybean sowing in Brazil will start later than normal. The drought in Paraná, Mato Grosso and Mato Grosso do Sul causes the delay. These three states account for more than 50% of the soybean produced in Brazil.

At the auction organized by Iran to buy 200,000 feed barley and 200,000 tons of forage maize, there are probably not a single offer due to expected pay problems.

Algeria announced a tender for the purchase of 35,000 tonnes of feed barley of optional origin and shipment from November 1 until November 15.

According to the forecast of APC Info, in the current season, 21.3 million tonnes of corn will be exported from Ukraine, which is 28% more than the previous one.

According to Conab's latest report, in 2016 - 2017, grain and oil crops in Brazil will reach a record high - 238.7 million tonnes, up 27.9% over the previous year or +51 million tonnes. The first crop of corn is estimated at 30.46 million tonnes and the second is expected to reach 67.25 million tonnes. Harvest of wheat is also not completed yet, but the crop will reach 5.19 million tonnes. The soybean crop will be 114 million tonnes.