Grain Highlights 07.10.2021

In 2020/21, corn exports from Ukraine reached 23.9 million tons, which is 17% or 28.7 million tons less than in 2019/20 and is the third highest result.

- In 2020/21, corn exports from Ukraine reached 23.9 million tons, which is 17% or 28.7 million tons less than in 2019/20 and is the third highest result. The current record of 30 million tons was set back in 2018/19. The largest customers were with China 8.5 million tons (+57% compared to 2019/20), the EU with 7.4 million tons (-29%) and Egypt with 2.4 million tons (-23%). According to the forecast of APC - Inform, the export potential of the country will reach 30 million tons in 2021/22 with an expected record production of 37.8 million tons.

- The Ukrainian Grain Association estimates the wheat production in Ukraine in 2021 at 33.1 million tons, which is 31% more than the previous year and is a record achievement for the country. The second highest result of 28.2 million tons was set back in 2019/20. Wheat exports are expected to reach a minimum of 26 million tons (20.5 in 2019/20).

- Yesterday, commodity funds in Chicago were net sellers of 5,000 corn contracts and 4,000 soybean contracts and net buyers of 1,500 wheat contracts.

- According to Anec's forecast, exports of corn, soybeans and soymeal from Brazil will reach 5.29 million tons in October (8.71 in September). Exports of corn will reach 1.42 million tons (2.55 and -69% compared to October 2020), soybean exports are projected at 2.68 million tons (4.7 and + 23%) and soymeal exports are expected to reach 1.19 million tons (1.46 and -10%). Over the period of January-October, exports of soybeans will reach 81.7 million tons, soymeal are estimated at 13.9 million tons and corn exports are projected to reach 14 million tons.

- Tunisia has announced a tender for the purchase of 100,000 tons of durum with delivery within November - December.

- The state-owned company GASC has purchased 36,000 tons of soyoil at a price of 1,381 - 1,398.63 USD/ton with immediate payment.

- Tunisia has bought 100,000 tons of durum at a price of 677.29 - 685.89 USD/ton C&F and delivery within November - December.

- According to FAS USDA, the sunseed production in Turkey reached 1.75 million tons in 2021/22. In the first 11 months of 2020/21, Turkey imported 732,000 tons of sunseed oil, 788,000 tons of sunseed meal and 899,000 tons of sunseed.

- According to the forecast of Olam Agro India, wheat exports from India will increase 4 times in 2021 compared to 2020/21 and will reach the highest level since 2013 (4.2 - 4.4 million tons). In the last week, Indonesia has bought 200,000 tons of wheat and the Philippines bought 50,000 tons of wheat. Over the period of January - August, wheat exports reached 3.07 million tons (+1,000%). In 2021, the wheat production in the country reached a record 109.52 million tons and domestic stocks were high - 51.8 million tons.

- Jordan has canceled a tender to buy wheat. The demand was for 120,000 tons of durum wheat with delivery within 16.01 - 15.03.2022.