Grain Highlights 10.05.2021

According to the forecast of Ukroliyaprom, oilseed production in Ukraine will reach 21.2 million tons in 2021, including sunseed production of 15.3 million tons, soybean production of 3.1 million tons and rapeseed production of 2.8 million tons.

- According to the forecast of Ukroliyaprom, oilseed production in Ukraine will reach 21.2 million tons in 2021, including sunseed production of 15.3 million tons, soybean production of 3.1 million tons and rapeseed production of 2.8 million tons. As of 01.04.2021, 50% of the oilseeds from the old crop have been processed in the country. 21% of the old oilseed crop have been exported. As of 01.04.2021, oilseeds stocks in the Ukraine we 5.373 million tons, including sunseed stocks of 4.5 million tons and soybean stocks of 0.9 million tons.

- On Friday, commodity funds in Chicago were net buyers of 10,000 corn contracts, 15,000 soybean contracts and 6,000 wheat contracts.

- In 2021, total grain production in Egypt is projected to reach 9.8 million tons, which is 3 times more than in 2020. 4.82 million tons of soft wheat, 2.34 million tons of durum wheat and 2.6 million tons of barley will be harvested. An increase in the import tax on wheat is expected. Egypt usually imports 2-3 million tons of soft wheat primarily from France.