25-04-2021 AG Newswire

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

25-04-2021

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

Wheat May '21 (ZWK21)

710.2

Dryness and drought are causing concern in the Northern Plains ahead of spring wheat planting, and the showers this week will do little to increase soil moisture. The five-day forecast shows very little rain for the entire Plains except for southeastern Kansas and eastern Oklahoma. North Dakota is the driest at 78% short/very short, with South Dakota at 58%

Russian wheat exporters are bidding aggressively for new business, even though they don’t know how much tax they will need to pay to ship the grain as Moscow steps up its fight to curb domestic food inflation.

Russia, one of the world’s leading wheat exporters, will launch a formula-based wheat export tax from June 2 aimed at cooling domestic grain prices. It will be set weekly and will replace the current fixed tax of 50 euros ($60) a tonne.

The state buyer of giant wheat importer Egypt bought 290,000 tonnes of Russian wheat in its tender on April 6 seeking new crop shipment in August, with Russian wheat offered cheaper than rivals such as the European Union.

Ukrainian wheat export prices have resumed growth last week, adding $5 a tonne over the week amid uncertainty over the weather in the United States and Europe, the APK-Inform agriculture consultancy said on Monday.

Fob prices for Bulk Vessel

Black Sea Wheat Fob 255 usd per ton newcrop

Argentine Wheat Fob 260 usd per tonContainers From Australia to SEA 330 usd m/t CNF Basis

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

Soybean May '21 (ZSK1)

1533

Soybean Meal May'21 (ZMK 21)

422

US soybean futures prices surged to their highest level in seven years on weather concerns in the Midwest, coupled with Brazilian supply woes, market sources told S&P Global Platts April 21.

Argentina’s soybean production in the 2021-22 marketing year will be boosted by an increased planting area, according to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture (USDA).

As Chinese swine herds recover from African swine fever and global demand for soybeans rebound, Argentina is expected to export 6.5 million tonnes of whole soybeans in the 2021-22 marketing year while whole soybean imports are anticipated to fall 11% to 45 million tonnes. The USDA estimates soymeal exports to total 28 million tonnes and soy oil exports to remain flat at 6.3 million tonnes, based on increased domestic industrial consumption for biodiesel production absorbs the increased volume from higher crush.

Soybean Fob Argentine is 523 USD Brasil new crop 540-550 usd

Blacksea Soybean 570 USD usdfob - 550 newcrop

NONGMO Ukraine Soybean to China is 740 usd per ton

Soybean Meal Argentine is 480 usd

Premiums# Argie Meal + 40 AMJ ov ZMK 21 Malaysia /Indonesia/Vietnam

Sunflower Meal to Asia Main Ports 385 USD

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

Corn Mar '21 (ZCH21)

650.4

Attention increasingly was turning toward corn planting and prospects for the supply and demand of the two crops in the 2021-22 marketing year. 

fundamental story is evident, as demand from China continues to show strength, and weather issues continue to pop up in South America.

USA Corn newcrop FOB 260 usd , Blacksea newcrop Corn Fob 255 usd

Argentine newcrop call Fob 245 new crop

Other Container offers

*             *Destination *   *                             

                Indonesia -Malaysia -Thailand  -Vietnam                                                

#             USA       #             DDGS          $345

#             USA       #             CGM             $850

#             USA       #             SBM(k) 60

#             BS         #    SFM             $385

#             IND       #             RSM             $360

#             AUS      #             WHEAT $325

#             BS        #      MILLET  $375  

#             AUS     #             BARLEY $290

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

Argentina / China/ Panamax,60 USD (TO)

USA PNW / China /Panamax ,38USD +58 USD GULF

Russia /Turkey /Coaster , 20USD

Ukraine /China /Panamax 38 USD

Ukraine / Indonesia Panamax 39 USD

Australia /China / Panamax 17 USD

Australia /Saudi /Panamax 52 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 © 2021