Grain Highlights 28.01.2021

According to AgResource data, soybean imports to China will reach 110 million tons in 2021/22.

- In the Stavropol Territory (southern Russia), over 50% of winter crops emerged. 2.33 million hectares have been sown. 9% of the crops are in good condition, 53% in fair and 38% in poor.

- According to AgResource data, soybean imports to China will reach 110 million tons in 2021/22. In 2020/21, imports are projected at 103-105 million tons. According to the USDA, imports will be 100 million tons (98.5) and domestic consumption is predicted at 117.7 million tons (109.2).

- AAFC has lowered its forecast for the wheat production in Canada in 2021 to 33.651 million tons, which is 4% less than in 2020. In 2020, the average wheat yield in the country reached a record of 3.51 tons/hectare.

- According to Oil World, canola crush in Canada totaled 905,000 tons in December compared to 918,000 tons in November and 899,000 tons in December 2019. Since the beginning of the season, the indicator reaches a total of 4.37 million tons (4.2 million tons for the same period of 2019/20 and 3.9 million tons in 2018/19).

- Indonesia has raised the reference price of crude palm oil for February to USD 1,026.78/ton from USD 951.86/ton in January. The tax on oil exports was increased from 225 USD/ton to 255 USD/ton.

- On January 27, 2021, Algeria purchased 570,000 - 630,000 tons of soft wheat of any origin at a price of 312 - 314 USD/ton C&F and delivery in March.

- According to AgResource data, soybean production in Brazil is projected at 128 million tons in 2020/21.

- On January 27, 2021, Jordan purchased 60,000 tons of Ukrainian wheat at a price of 273.3 USD/ton C&F and delivery in early August.