Grain Highlights 27.05.2021

Export prices of unrefined Ukrainian sunseed oil fell below 1,500 USD/ton FOB due to the extremely low demand.

- Export prices of unrefined Ukrainian sunseed oil fell below 1,500 USD/ton FOB due to the extremely low demand. The interest is now transferred to the new crop and prices of the new crop are 300 USD/ton lower.

- In 2020/21, flour exports from Ukraine will be no more than 110,000 tons and so far 102,000 tons have been exported.

- Yesterday, commodity funds in Chicago were net buyers of 5,000 corn contracts and net sellers of 8,000 soybean contracts and 4,0000 wheat contracts.

- As of 19.05.2021, Argentine farmers have sold only 19.2 million tons of soybeans from the new crop compared to 23.2 million tons a year earlier. The difference is due to the rapid devaluation of the national currency.

- The blockade of Argentine ports ended after an agreement was reached on the schedule for vaccination of workers.

- Tunisia has canceled a tender for the purchase of 92,000 tons of soft wheat due to high prices. The lowest price offered at the tender was 279.82 USD/ton C&F.

- On 27.05.2021, Algeria bought 210,000 - 250,000 tons of durum wheat of any origin at a price of 385 USD/ton C&F and delivery in July.

- Saudi Arabia has announced a tender for the purchase of 720,000 tons of milled wheat 12.5% ​​of any origin.