Grain Highlights 31.03.2021

According to Oil World, in the period of October-April, nearly 400,000 tons of soyoil will be exported from Argentina to China.

- During the period of 01.07.2020 - 28.03.2021, 440,000 tons of rapeseed meal were exported from the EU, which is 29% more than the previous year (340,000 tons). The largest exporters were:

  • Romania - 179,900 tons
  • France - 52,200 tons
  • Sweden - 44,600 tons

The largest importers of EU rapemeal were:

  • Norway - 147,000 tons
  • Israel - 126,100 tons
  • Morocco - 48,300 tons

During the period, soymeal exports reached 412,400 tons (+15%), including:

  • the Netherlands - 136,200 tons
  • Lithuania - 56,600 tons
  • Germany - 48,800 tons

The largest importers of soymeal from the EU were:

  • Switzerland - 103,600 tons
  • Great Britain - 82,100 tons
  • Uzbekistan - 58,600 tons

- Yesterday, commodity funds in Chicago were net sellers of 25,000 corn contracts, 16,000 soybean contracts and 9,500 wheat contracts.

- According to AgRural data, as of 25.03.2021, 71% of the soybean areas were harvested (+12% for the week) in Brazil. In Mato Grosso, the harvesting campaign of soybeans was carried out on 97.1% of the area.

- In February, Brazil imported 446,385 tons of wheat, which is 30.7% less than in January and 14.5% less than in February 2020. Almost 85% of the imports during the month came from Argentina.

- ANEC has lowered its estimate for March soybean exports from Brazil to 13.3 - 15.4 million tons from 13.3 - 16.2 million tons in their previous forecast. A year earlier, exports were 13.3 million tons. For the period of January and March, 21 million tons of soybeans will be exported from Brazil compared to 21.56 million tons for the same period a year earlier.

- According to Oil World, in the period of October-April, nearly 400,000 tons of soyoil will be exported from Argentina to China. A year earlier, exports were 103,000 tons and soyoil export reached a total of 312,000 tons in 2019/20. 93,000 tons of oil will be exported in March, which will be the highest monthly level. Demand from China is currently high. Soybean crush has declined in recent weeks.

- South Korea purchased 80,000 tons of milled wheat from the United States and Canada with delivery in July.

- The Association of Feed Manufacturers in Thailand has announced a tender for the purchase of 504,000 tons of feed barley of any origin and delivery in May-December. A week earlier, a tender for the purchase of 403,000 tons of barley was canceled due to high prices.

- Jordan purchased 60,000 tons of feed barley of any origin at a price of USD 253/ton C&F and delivery at the end of October.