15/11/2020 - AG NewsWire

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

15 November , 2020--------------

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

Hopeful news about a COVID-19 vaccines gives market an impacts especially in usd index , oil / gold /metals however , still delivering time is and issue ,

USDA report results as follows ,

ADQ, a state-run Abu Dhabi holding company, is buying an indirect 45% stake in Louis Dreyfus Company (LDC), one of the world’s top agri-business firm (Standard & Poor’s Ratings Services on Nov. 13 affirmed its “BBB-” long-term and “A-3” short-term issuer credit ratings)

Russia’s agriculture ministry will limit the amount of grain that can be exported from 15 February until 30 June 2021 to 15.0Mt, according to draft legislation. Grain is defined as wheat, barley, maize and rye.

Ukraine's grain exports have fallen to 18.5 million tonnes so far in the season that runs from July 2020 to June 2021 from 21.4 million tonnes in the same period last season, the economy ministry said on Friday The economy ministry expects the 2020 grain crop to drop to about 68 million tonnes from 2019's record of 75.1 million tonnes because of adverse weather

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

Wheat Dec '20 (ZWZ20)

593-4s at the closing bell on Friday # Chicago

Wheat was lower this weak , it was not an exciting report for wheat

USDA WORLD 2020-2021 Projection (million metric ton ) November vs October

# Production 772.38 vs 773.08

# Ending Stocks 320.45 vs 321,45

# Exports 190,79 vs 189.92

Argentina’s wheat harvest is seen at 16.7 million tonnes, slightly down from the previous 17 million tonne estimate due to a prolonged drought, the Rosario Grains Exchange

Australia Wheat exports for 2020-21 are put at 17.9 million tonnes, up from the earlier forecast of 16.2 million, and up from 10.1 million the year before

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Wheat 11.5 Protein Blacksea Ukraine Fob Bulk # 250 USD

Wheat 11.5 Protein Blacksea Russia Fob Bulk # 253 USD

Wheat 11.5 Protein SA Argentine Fob Bulk # 250 USD

Wheat ASW Australian #255 FOB

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

Soybean Jan '21 (ZSF21) 1148-0s

Soybean Meal Dec '20 (ZMZ20) 388.1s

USDA WORLD 2020-2021 Projection (million metric ton ) November vs October

# Production 362.64 vs 368,48

# Ending Stocks 86.52 vs 88.7

# Exports 167.82vs 167.88

Production in USA 113.5 vs 116 .15 however ending stock are dropped much (5.17 vs 7.9)

This fact boost the market ..

Argentine is lowering their production forecast as well (51 vs 53.5)

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Soybeans Blacksea Fob 480USD,

Soybeans Argentine Fob 490 USD,

Soybeans Brasil Fob NewCrop 465 USD

Soybean Meal Argentine Fob 460 USD

Premiums# USA Meal +70 ov SMZ Main Port Asia

Sunflower Meal to Asia Main Ports 365 USD

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

Corn Dec '20 (ZCZ20)

410-4s +2-2 (+0.55%)

USDA WORLD 2020-2021 Projection (million metric ton ) November vs October

# Production 1144.63 vs 1158.82

# Ending Stocks 291.43 vs 300.45

# Exports 184.47 same

This week's United States Department of Agriculture report for November fired up the corn markets with US ending stocks for coming in much lower than expected.

Usa Production 368.49 vs 373.95

Ddds market/CGM Market still increasing with strong local and international demands as well

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USA Corn FOB 224 USD

Argentina Corn FOB 223 USD Brasil +10 USD

Blacksea Corn FOB 242USD

Ddgs market to Asia main ports CNF 295-300 USD

USA Cgm Market Asia main ports CNF 710 USD

MeatBone Meal / Feather Meal / Poultry Meal ----------------

USA Meat Bone Meal to Asia main ports CNF 480-500 USD

USA Feather Meal to Asia main ports CNF 570-590 USD

USA Poultry Meal to Asia main ports CNF 450-470 USD

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

Argentina / China/ Panamax, 35 USD

USA Pasific West / China /Panamax , 24 USD

Russia /Turkey /Coaster , 29 USD SD

Ukraine /China /Panamax 31 USD

Ukraine / Indonesia Panamax 36 USD

Australia /China / Panamax 20 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