Grain Highlights 04.11.2021

According to Anec's forecast, 1.93 million tons of soybeans will be exported from Brazil in November (2.92 in October and 0.77 in November 2020).

- As of November 2, 2021, 44.5 million hectares of cereals have been harvested in Russia and 120.9 million tons of grain have been harvested, including:

  • 78 million tons of wheat;
  • 18.7 million tons of barley;
  • 11.6 million tons of corn.

9.1 million hectares or 14.6 million tons of sunseed have been harvested.

18 million hectares have been sown with winter crops.

- Yesterday, commodity funds in Chicago were net sellers of 10,000 corn contracts, 9,000 soybean contracts and 8,500 wheat contracts.

- According to Anec's forecast, 1.93 million tons of soybeans will be exported from Brazil in November (2.92 in October and 0.77 in November 2020). Exports of soymeal are projected at 1.16 million tons (1.34 and 1.32). Corn exports are estimated at 1.96 million tons (1.85 and 4.94).

- According to Oil World, 2.28 million tons of palm oil were exported from Indonesia in September, compared to 3.6 million tons in August. In 2020/21, exports reached 28.8 million tons (27.6), including 5.05 million tons for China (3.9), 3.83 million tons for India (5.1), 3.6 million tons for the EU (3.9) and 2.8 million tons for Pakistan (2.3). During the season, exports from Malaysia reached 15.86 million tons (17.22).

- The tender for the purchase of 90,000 tons of wheat held by Pakistan received offers at prices within 407.38 - 411.99 USD/ton C&F and delivery in January.