Grain Highlights 02.12.2020

According to AgRural, as of November 26, 2020, 87% of the planned areas for soybeans in Brazil have been sown.

 

- As of November 30, 2020, 14.1 million tons of corn were harvested in Russia from 95.1% of the area sown with corn. If production is maintained at these levels, the total harvest is predicted to reach 14.8 million tons.

 

- As of November 1, 2020, there were 48.8 million tons of grain in agricultural, procurement and processing enterprises in Russia, which is 6% more than the previous year. The available wheat was 30.6 million tons (+ 12%).

 

- As of November 30, 2020, 26.8 million tons of corn were harvested in Ukraine from 94% of the area. At the end of the harvest, the production is expected to reach 28.5 million tons. The 2020 sunflower production is 13 million tons.

 

- From the beginning of 2020/21 up until 29.11.2020, 14.635 million tons of grain were exported from the EU, which is 25% less than the previous year and 22% less than a week earlier. Imports reached 9.221 million tons (-17% and -12%). The import of corn is 6.848 million tons (-23% and -17%).

 

- The French government plans to invest 100 million euros in the agricultural sector in order to increase the percentage of area sown with high-protein crops. This plan aims to reduce soybean imports from South America.

 

- According to USDA, as of November 29, 2020, 46% of wheat crops are in good and excellent condition in the United States compared to 43% a week earlier and 52% a year earlier. There is a deficit of moisture in 38% of the sown areas in the country compared to 42% a week earlier and 17% a year earlier.

 

- According to AgRural, as of November 26, 2020, 87% of the planned areas for soybeans in Brazil have been sown. Despite the drought, the soybean areas are expected to reach 38.3 million hectares (+ 3.6% compared to the previous year). The forecast for the production remains unchanged at 132.2 million tons.

 

- ABARES has raised its expectations for the barley production in Australia in 2020/21 to 11.96 million tons compared to 11.2 million tons in the forecast in September.

 

- Turkey has announced a tender for the purchase of 400,000 tons of red milling wheat with delivery in January 2021.

 

- The Malaysian authorities plan to stop applying a zero duty on palm oil exports from 01.01.2021.