Grain Highlights 29.03.2021

During the week of March 22-28, 180,780 tons of grains were exported from the Russian port of Novorossiysk, which is 4.1 times more than the previous week and 38% less than the previous year.

- As of March 26, 2021, 361,600 hectares of spring crops have been sown in Russia (0.7% of the plan), including 266,500 hectares sown with cereals (0.9%).

- During the week of March 22-28, 180,780 tons of grains were exported from the Russian port of Novorossiysk, which is 4.1 times more than the previous week and 38% less than the previous year. Wheat exports reached 167,580 tons and barley exports were 13,200 tons.

- During the week of March 22-28, 127,200 tons of sunseed oil were exported from Russian ports, including 39,500 tons for Romania, 28,300 tons for Turkey, 28,400 tons for China and 31,000 tons for India.

- As of 22.03.2021, 87% of the winter wheat crops in France were in good and excellent condition (87% a week earlier and 63% a year earlier) and 85% of winter barley crops (85% and 63%). 99% of the planned areas (97% and 68%) are sown with spring barley.

- According to S&P Global Platts, corn areas  in the United States will increase by 1.2 million acres in 2021 to a total of 92 million acres. Soybean areas are projected at 90 million acres (+6.9).

- On Friday, commodity funds in Chicago were net buyers of 11,000 contracts of corn and 2,500 contracts of wheat and net sellers of 16,000 contracts of soybeans.

- According to Safras & Mercado, the soybean production in Brazil will reach 134.09 million tons in 2020/21 (133.1 million tons in the previous estimate and 127.18 million tons in 2019/20).

- According to Oil World, the UAE exported a record 0.44 million tons of rapeseed oil to China in 2020, which accounts for a share of 90% of total exports. A record of 0.5 million tons of rapemeal were also exported, including 0.35 million tons for China (0.12 million tons in 2019).

- In the period of October-March, a record of 2.4 million tons of soybeans were delivered to Egypt, which is 0.2 million tons more than the previous year.