Grain Highlights

In October 2017 3.545 million tonnes of wheat were exported from Russia, by 13.8% less than the September eecord, but by 67% more than the October 2016 export.

Wheat

- Jordan announced a tender for the purchase of 100,000 tonnes of wheat for  March - April 2018 shipment.

- As of November 13, 2017, in Ukraine, 6.891 million hectares (95% of the plan) are sown with winter grain crops, incl. winter wheat and triticale 5.926 million decares (96%), barley 819,000 hectares (89%) and others.

- Morocco purchased 30,000 tonnes of wheat from the United States under the preferential tariff quota with delivery until the end of the year.

- In October 2017, 3.545 million tonnes of wheat were exported from Russia, which was 13.8% less than the record in September, but 67% more than export in October 2016. Egypt is the major buyer - 22.3% of the monthly export, followed by Bangladesh 9% and Turkey 8.4%. Russian wheat was delivered to 52 countries during the month.

- According to USDA, as of November 12, 2017, US winter wheat sowing is completed on 95% of the planned areas (94% a year earlier and 95% on average over the past five years). 84% of the crops have grown (83% and 83%). In good and excellent condition are 54% of the crops (55% and 59%).

- Japan announced a tender for the purchase of 125,611 tonnes of wheat from the United States, Canada and Australia for December.2017 - January 2018 shipment.

 

Grain

- Jordan announced a tender for the purchase of 100,000 tonnes of barley for March - April 2018 shipment.

- As of November 13, 2017, 3.395 million hectares under corn cultivation were harvested  (75% of the areas), 17.356 million tonnes of corn were harvested at average yield of 5.11 mt/ ha.

- According to USDA, as of November 11, 2017, 83% of the corn areas (92% and 91%) were harvested in the United States.

- In December 2017 the Chicago Board of Trade will start trade with Black Sea region wheat and corn futures. For corn contracts, Ukrainian corn will be the basis.

- As of November 13, 2017, 2 million hectares of corn were harvested in Russia (70.3% of the areas), 10.2 million tonnes of corn are harvested at average yield of 5.03 mt/ ha.

 

Oil crops and vegetable oils

- As of November 13, 2017, 5.86 million hectares under sunflower cultivation were harvested in Ukraine (98% of the area), 11.725 million tonnes of sunflower were harvested at average yield of 2 mt/ha.

- The quality of sunflower harvested in the central parts of Russia is bad. Moisture in the seeds is 17-25% and the acidity is high. Traders are refraining from buying such production.

- In October, vegetable oils import to India decreased by 0.5% yoy to 1.2 million tonnes, palm oil 597,200 tonnes (651,600 tonnes in September), soybean oil 220,000 tonnes (357,000).

- According to USDA as of November 12, 2017, 93% of the soybean areas (96 % and 95%) are harvested in the United States.

- From the beginning of 2017/18 to November 10, 2017, 2.2 million tonnes of oil crops were exported from Ukraine, which is 170% more than last year. 1.7 million tonnes of rapeseed (1) and 500,000 tonnes of soybean were exported, which is 100,000 tonnes less than the same period in 2016.

- Iran bans import of vegetable oils. The exception is the import of unrefined oils refined in the country and sold as a native brand in Iran. Annual oil consumption per capita in the country is 20 kilograms.

- The drought in Argentina continues in early November, making soybean sowing difficult. Over the next 7 days, no change is expected. According to forecast of the Buenos Aires Grain Exchange, in 2017/18, soybean areas will reach 18.1 million hectares and only 12% are sown until November 9, 2017.

- From January to October 2017, 143,860 tonnes of soybean oil were exported from Ukraine. Only in October export was 12,400 tonnes and in September 8,960 tonnes. The major buyers in the period were China 55,770 tonnes, Poland 51,980 tonnes and India 10,340 tonnes.

- In September, 310,000 tonnes of sunflower oil were exported from Ukraine, which is 22% more than in August. In October, export amounted to 530,000 tonnes, up by 22% from October 2016.

- As of November 13, 2017, 5.6 million hectares under corn cultivation were harvested  (71.7% of the areas), and 8.6 million tonnes of sunflower were harvested at average yield of 1.54 mt/ ha