Grain Highlights 17.05.2021

Over the period of January - April, 1.74 million tons of sunseed oil were exported from Ukraine, which is 31% less than the previous year or -2.53 million tons.

- Within the period of January-April, 1.74 million tons of sunseed oil were exported from Ukraine, which is 31% less than the previous year or -2.53 million tons. The largest buyers were India with a share of 29.6%, China with 15.9%, the Netherlands with 9.4%, Iraq with 7.3% and Spain with 7.3%.

- According to APC - Inform, 2.3 million tons of wheat were exported from Ukraine to Indonesia in the first 10 months of 2020/21 compared to 2.69 million tons a year earlier, which is 23% of total imports to the Asian country.

- According to FranceAgriMer data as of 10.05.2021, 79% of soft wheat crops are in good and excellent condition in France (55% a year earlier). The sowing campaign of corn was carried out on 95% of the planned areas.

- On Friday, commodity funds in Chicago were net sellers of 25,000 contracts of corn and net buyers of 2,000 contracts of soybeans and 3,000 contracts of wheat.

- According to Oil World, over the period of March - April, soyoil exports from Brazil and Argentina reached 1.47 million tons, which is 41% more than 2019/20. Over the period of March - August, soyoil exports from South America will reach 4.7 million tons (+0.7).

- According to Imea, in the state of Mato Grosso, farmers have already sold 83.4% of their 2020/21 soybean production, which is 4% more than the previous year. Soybean sales from the new 2021/22 crop reached 27.7% of the expected results (-9.5%). Sales of soybean of the old crop reach 71.8% (80.6%) and sales of the new crop reach 15.2% (28.2%) in Brazil.

- During the week of May 10-16, 155,991 tons of grain were exported from the Russian port of Novorossiysk, which is 1.6% less than the previous week and 5.4% less than the previous year. 118,491 tons of wheat were exported over the previous week.

- On Friday, South Korean feed producers bought 263,000 tons of feed corn at prices of 331.99 - 337.12 USD/ton C&F + 1.25-1.5 USD/ton for unloading and delivery in September.

- Taiwan has purchased 89,430 tons of wheat from the United States with delivery within July-August.