Grain Highlights 12.07.2021

In 2021, the average soft wheat yield in France will increase to 7.4 tons/hectare, which is 8% more than the previous year and 4% more than the average for the last 10 years, according to Aryalis.

- Over the week of July 5-11, 71,826 tons of grain were exported from the Russian port of Novorossiysk, which is 73.6% less than the previous year. The exported wheat was 45,310 tons and barley exports reached 26,516 tons. During the week, the export tax on wheat was 41.2 USD/ton and 37 USD/ton for barley.

- In 2021, the average soft wheat yield in France will increase to 7.4 tons/hectare, which is 8% more than the previous year and 4% more than the average for the last 10 years, according to Aryalis. The average protein content will be 11.6% - the average for the last 10 years.

- On Friday, commdoity funds in Chicago were net buyers of 7,000 contracts of soybeans and net sellers of 8,000 contracts of corn and 2,000 contracts of wheat.

- The Chinese authorities have announced that the country will increase grain storage capacity by 10.85 million tons. The state-owned company Sinograin is starting construction on 120 sites in 18 provinces.

- According to ABS, canola exports from Australia reached 444,300 tons in May which is 5,400 tons less than in April. The largest buyers were Germany with 163,300 tons and Belgium with 120,000 tons. Exports are expected to decline in the coming months due to the expected large canola production in the EU.

- On 12.07.2021, Turkey purchased 440,000 tons of feed barley of any origin and delivery over the period of 29.07 - 16.08.2021.

- On July 9, 2021, Saudi Arabia purchased 505,000 tons of milled wheat with a protein of 12.5% ​. The average price was 286.6 USD/ton C&F and delivery will take place in October.

- The South Korean association KFA announced a tender for the purchase of 69,000 tons of corn of any origin and delivery in November.

- The sowing campaign of spring crops in India was carried out on 49.9 million hectares, which is 10.43% less than the previous year. The delay is due to less rainfall.