Grain Highlights 29.11.2021

In December, wheat exports from Russia are expected in the range of 3.6 - 3.8 million tons according to the forecast of Rusagrotrans.

- In December, wheat exports from Russia are expected in the range of 3.6 - 3.8 million tons according to the forecast of Rusagrotrans. In October and November, exports amounted to 3.2 - 3.3 million tons per month and in December 2020 wheat exports were 4.2 million tons.

- According to the forecast of the Russian Grain Union, total grain exports from Russia will reach 42 million tons in 2021/22, including 33 million tons of wheat, which is below the country's export potential.

- During the week of November 22-28, 290,000 tons of wheat were exported from the Russian port of Novorossiysk, which is 25% less than the previous week. The largest customers were Iran with 66,000 tons, Egypt with 63,000 tons and Togo with 32,000 tons.

- Wheat areas in Moldova are expected to reach 200,000 hectares in 2022/23 compared to 300,000 hectares in 2021/22.

- According to data from FranceAgriMer, as of 22.11.2021, 97% of the corn areas have been in France (+6% for the week). The sowing campaign of wheat has been carried out on 97% of the planned areas (+5%), and that of barley has been carried out on 99% of the planned areas (+2%). The condition of the crops remains excellent.

- On Friday, commodity funds in Chicago were net buyers of 1,000 corn contracts and net sellers of 12,000 soybean contracts and 9,000 wheat contracts.

- According to Safras & Mercado, soybean exports from Brazil will reach 2.41 million tons in November (2.98 in October and 768,600 in November 2020). Over the period of November 1 - 25, exports reached 1.51 million tons. In December, soybean exports are expected to reach 1.58 million tons (0.2 million tons in December 2020).

- According to data from Safras & Mercado, as of November 26, 2021, 90.6% of the planned soybean areas were sown in Brazil (+6.4% for the week).

- Experts from Oil World once again raise the forecast for the 2021/22 canola production in Australia by 0.4 million tons to a record 5.7 million tons, which is 1.2 million tons more than 2020/21. Canola exports are projected to increase to 4.4 - 4.6 million tons (3.4).

- Bangladesh has announced a tender for the purchase of 50,000 tons of wheat of any origin.