Grain Highlights 30.09.2021

According to a private estimate by a Russian analyst, the export of sunseed oil from Russia will reach a record 3.7 million tons in 2021/22, which is 25% more than the previous year.

- According to a private estimate by a Russian analyst, the export of sunseed oil from Russia will reach a record 3.7 million tons in 2021/22, which is 25% more than the previous year. Exports of crude oil are estimated at 3.1 million tons. The largest customers will be China with 755,000 tons (+100%), Turkey with 730,000 tons, India with 480,000 tons, Egypt, Iran, Sudan and Saudi Arabia and will account for 90% of total crude oil exports.

- According to the assessment of the Ministry of Agriculture of Moldova, the wheat production in the country reached 1.55 million tons in 2021 (0.6 in 2020). Wheat exports are projected to reach 0.5 million tons (0.35).

- Yesterday, commodity funds in Chicago were net buyers of 8,500 contracts of corn, 6,000 contracts of soybeans and 1,000 contracts of wheat.

- According to Anec, 1.19 million tons of soybeans will be exported from Brazilian ports over the week of September 26 - October 2, 2021. In September, exports will reach 4.74 million tons (5.79 million tons in August and 3.92 million tons in September 2020). In the first 9 months of the year, exports are projected at 79 million tons (79.2). In September, soymeal exports will be 1.52 million tons (1.27 and 1.32) and from the beginning of the year they total 12.81 million tons (-1.9%). Corn exports over the week of 26.09 - 02.10.2021 will reach 311,300 tons, which is 60% higher than previous week. In September, corn exports are expected to reach 2.53 million tons (4.19 and 5.76) and a total of 12.66 million tons since the beginning of the year (-37%).

- The Government Committee for the Assessment of the Harvest in South Africa has lowered the forecast for the corn production in the country in 2021 from 16.32 million tons in August to 16.21 million tons now, which is the second highest result in history. In 2020, corn production reached 15.3 million tons.

- In the first half of 2021, wheat imports to Egypt reached 1.41 billion USD, which is 9.5% more than last year.

- On 27.09.2021 Algeria bought 580,000 tons of milling wheat of any origin at an average price of 364 USD/ton C&F and delivery within October - November. Most of the quantity will be delivered from France.