Grain Highlights 19.04.2021

As of 01.04.2021, cereals stocks in Ukraine were 12.8 million tons, which is 753,300 tons less than the previous year.

- According to data from FranceAgriMer, as of April 12, 2021, 86% of winter wheat crops in France are in good and excellent condition, compared to 87% a week earlier. It is noted that it is too early to assess the damage from the cold before 2-3 weeks.

- On Friday, commodity funds in Chicago were net buyers of 5,500 soybean contracts and net sellers of 3,250 corn contracts and 1,500 wheat contracts.

- In the first 36 weeks of the season, canola exports from Canada reached 8.3 million tons, which is 21% more than the previous year. Soybean deliveries were 3.5 million tons (+45%).

- In March, China imported 1.93 million tons of corn (+506.8% compared to the previous year), 1.07 million tons of barley (+283.6%), 640,000 tons of sorghum (+92.1%) and 440,000 tons of wheat (-24.3%). In the first three months of the year, corn imports reached a total of 6.73 million tons (+437.8%), wheat imports reached 2.92 million tons (+131.2%), barley imports reached 2.39 million tons (+135.2%), sorghum imports reached 2.04 million tons (+222.3%).

- In the first half of 2020/21, sunseed crush in Russia reached a total of 7.2 million tons (-7% compared to the previous year).

- During the week of April 12-18, 214,740 tons of grain were exported from the Russian port of Novorossiysk, which is 2.4 times more than the previous week. The exported wheat was 165,744 tons and barley exports were 49,000 tons.

- As of 01.04.2021, cereals stocks in Ukraine were 12.8 million tons, which is 753,300 tons less than the previous year. Wheat stocks were 3.9 million tons (-5%), corn stocks - 7.6 million tons (-2%), barley stocks - 708,800 tons (-44%). Sunseed stocks were 2.8 million tons (-34%).

- As of 15.04.2021, 1.531 million hectares have been sown with spring cereals in Ukraine, which is 20% of the planned. 124,200 hectares (70.3%) and 1,059 million hectares (76.3%) of spring barley were sown with spring wheat. 35,800 hectares (+0.7%) were sown with corn.

- According to Oil World's forecast, 760,000 vegetable oils (408,000 tons a year earlier) and 970,000 tons of oil meal (461,000) tons will be delivered to Iran in the first half of the season. For the whole 2020/21, soymeal imports are projected at 3.7 million tons (+36%).

- According to the USDA forecast, wheat imports in Turkey are projected to reach 8.5 million tons in 2021/22 compared to 8.2 million tons in 2020/21.