Grain Highlights 28.04.2021

According to the forecast of the Statistical Agency of Canada, canola areas in the country will reach 21.5 million acres in 2021, which is 3.6% more than in 2020.

- Yesterday, commodity funds in Chicago were net sellers of 2,500 contracts of corn, 12,500 contracts of soybeans and 3,000 contracts of wheat.

- The US-based meat processing company Perdue bought 31,450 tons of soybeans from Brazil. Given the limited supply of soybeans in the United States and high domestic prices, it is more cost-effective to accept supplies from Brazil on the east coast of the country.

- According to the forecast of the Statistical Agency of Canada, canola areas in the country will reach 21.5 million acres in 2021, which is 3.6% more than in 2020. Soybeans areas are projected at 5.3 million acres (+5.5%). Wheat areas are expected to reach 23.3 million acres (-6.9%). Corn areas are estimated at 3.6 million acres (+1.8%). Barley areas are predicted to reach 8.6 million acres (+13.9%).

- Anec lowered its forecast for soybean exports from Brazil in April by 1 million tons to 15.8 million tons. Despite the decline, the indicator remains a record high for the month. Corn exports are projected to reach 30,000 tons.

- The South Korean association KOCOPIA has purchased 50,000 tons of corn from Ukraine at a price of 339.88 USD/ton C&F and delivery by 20.07.2021.

- South Korean feed manufacturer MFG purchased 203,000 tons of feed corn of any origin and delivery within August-September. The South Korean company NOFI has announced a tender for the purchase of 45,000 - 69,000 tons of feed corn of any origin and delivery in August.

- Algeria is looking to buy 30,000 tons of soymeal with delivery by 15.06.2021.