Grain Highlights 07.01.2022

According to Oil World, exports of biodiesel from China reached 159,000 tons in November (54,000 a year earlier).

- Over the period of September-November, the export of sunseed oil from Ukraine reached 1.35 million tons (-15% compared to the previous year) and is the lowest level for the last 4 seasons. Exports to China fell by 50%, exports to India dropped by 11%, but exports to the EU rose by 28%.

- Since the beginning of 2021/22, 33.198 million tons of cereals and flour have been exported from Ukraine. Wheat exports amounted to 16.102 million tons (+3.596 compared to the previous year). Corn exports reached 11.536 million tons (+1.805) and flour exports totaled 59,600 tons (-19.700).

- On Thursday, commodity funds in Chicago were net sellers of 3,000 contracts of soybeans and 8,500 contracts of wheat and net buyers of 1,500 contracts of corn.

- According to Oil World, in November, exports of biodiesel from China reached 159,000 tons (54,000 a year earlier). Over the period of January - November, biodiesel exports were 1.12 million tons (+40%), including 1.07 million tons for the EU (785,000). Oil World has predicted that the world's biodiesel production will reach 48 million tons in 2021.

- Jordan bought 60,000 tons of wheat at a price of 326 USD/ton C&F and delivery in August.

- The authorities in Turkey extended the zero import tax on some types of wheat, rye, barley and corn until the end of 2022. By the end of June, the zero tax on imports of sunseed oil has also been extended.