07-02-201 AG Newswire

Agriant Commodities------------

07-February-2021

Quotes of the Day----------------------

It's how you deal with failure that determines how you achieve success

Hot Topics----------------------

Market is eyeing the U.S. Department of Agriculture (USDA) supply and demand report later this week, which is likely to confirm tightening stocks of soybeans and corn.

Russia on Feb. 4 confirmed it will impose a “floating tax” on its wheat and other grain exports starting June 2

The export quota mechanism will run from Feb. 15 through June 30, and covers wheat, corn, barley and rye.

Wheat -----------------------

Wheat Mar '21 (ZWH21)

641.2

Russia on Feb. 4 confirmed it will impose a “floating tax” on its wheat and other grain exports starting June 2

years. It has rapidly become the world’s third largest importer behind Egypt and Indonesia.

- Ukrainian soft milling wheat export prices have fallen by $10-$11 per tonne over the past week mostly due to a jump in Russian grain exports ahead of forthcoming exports restrictions, APK-Inform agriculture consultancy said on Monday.

Black Sea Wheat Fob 286 usd per ton for Ukraine +5 usd for Russia

Argentine wheat exports during December 2020 dropped 52% compared to the same month of 2019, the lowest level in the last five years.

Argentine Wheat Fob 271 usd per ton

Soybean & Soybean Meal --------

Soybean Mar '21 (ZSH21)

1366

Soybean Meal Jan '21 (ZMH 21)

430.5

Argentina’s upcoming soybean harvests will not be among the country’s best on record, but they certainly seem to have averted possible disaster a la 2018 after a historically dry start.

La Nina pattern is still in place, and Argentina is not yet out of the woods as the forecast has turned dry through mid-month, just as crops begin to enter the critical stages for yield formation.

as of Jan. 28, data from Argentina’s agriculture ministry suggested that the portions of soybeans in good or very good condition in Buenos Aires, Cordoba and Santa Fe were roughly 83%, 90% and 96%, respectively. Those three provinces account for three-quarters of the country’s planted area.

Soybean Fob Argentine is 540 usd old crop – 510 usd New Crop (Fob)

Blacksea Soybean 560 usdfob

NONGMO Ukraine Soybean to China is 640-650 usd per ton

Soybean Meal Argentine is 485 usd for old crop FOB , new crop 465 usd in the market .

Premiums# Argie Meal + 77 ov ZMH 21 Malaysia /Indonesia/Vietnam

Sunflower Meal to Asia Main Ports 420 USD

Corn ----------------

Corn Mar '21 (ZCH21)

548

Corn futures near 7-1/2 year high, wheat gains more ground

Corn edged close to a seven-and-a-half-year high, while wheat rose for a second session.

"Chinese demand is the big story in grains and oilseeds which has been supporting prices," said Phin Ziebell, agribusiness economist at National Australia Bank in Melbourn

USA Corn FOB 250 usd , Blacksea Corn Fob 265 usd

Argentine news crop call Fob 225-230 usd while old crop same as USA

Other Container offers 05/02-21 ----------------

* *Destination * *

Indonesia -Malaysia -Thailand -Vietnam

# USA # DDGS $346

# USA # CGM $825

# USA # SBM(H) 77

# BS # SFM $410

# IND # RSM $400

# AUS # WHEAT $305

# BS # MILLET $380

# AUS # BARLEY $285

Freight----------------

Argentina / China/ Panamax,40 USD (TO)

USA PNW / China /Panamax , 25 USD +20 USD GULF

Russia /Turkey /Coaster , 30 USD

Ukraine /China /Panamax 31 USD

Ukraine / Indonesia Panamax 35 USD

Australia /China / Panamax 17 USD

AGRIANT COMMODITIES present information based on sources /news there are no guarantees as to the accuracy or completeness of the information contained herein whether in an Copyright © 2020