28-02-2021 AG Newswire

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

28-02-2021

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

“A man always has two reasons for what he does--a good one, and the real one.”

― J.P. Morgan

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

Wheat Mar '21 (ZWH21)

655

The International Grains Council (IGC) on Thursday raised its forecast for global wheat production in the 2020/21 season, partly reflecting upward revisions for crops in Australia, Kazakhstan and Russia.

The IGC raised its forecast for Australia’s wheat crop to 33.3 million tonnes from a previous forecast of 31.2 million and more than double the prior season’s 15.2 million.

Last week, Australia’s chief commodity forecaster said the 2020/21 season would bring a record wheat harvest, after heavy rains boosted yields in key producing regions in the east.

The IGC raised its outlook on Kazakhstan’s crop to 14.3 million tonnes, a three-year high, from 12.4 million.

It put Russia’s crop at 85.3 million, up from 84.5 million seen previously.

The IGC said there was no change to its preliminary outlook for the 2021/22 season with wheat production still seen at a record 790 million tonnes.

Fob prices for Bulk Vessel

Black Sea Wheat Fob 285 usd per ton for Ukraine +3 usd for Russia

Argentine Wheat Fob 270 usd per ton

Containers From Australia to SEA 310 -315 usd m/t CNF Basis

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

Soybean Mar '21 (ZSH21)

1405

Soybean Meal Mar'21 (ZMH 21)

423

Delays in Brazilian shipments boost demand for U.S. cargoes

Chinese soybean crushers are expected to curtail operations sharply in the coming months due to harvest delays in top exporter Brazil, pushing up prices and likely leading to a rundown in inventories.

Soybean Fob Argentine is 545 usd old crop – 520 usd New Crop (Fob)

Blacksea Soybean 560 usdfob

NONGMO Ukraine Soybean to China is 675 usd per ton

Soybean Meal Argentine is 460 usd for old crop FOB , new crop 450 usd in the market .

Premiums# Argie Meal + 70 ov ZMH 21 Malaysia /Indonesia/Vietnam

Sunflower Meal to Asia Main Ports 420 USD

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

Corn Mar '21 (ZCH21)

555

Corn Prices are slightly up

USA Corn FOB 250 usd , Blacksea Corn Fob 268 usd

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

Other Container offers

* *Destination * *

Indonesia -Malaysia -Thailand -Vietnam

# USA DDGS $356

# USA CGM $840

# USA SBM(H) 80

# BS SFM $415

# IND RSM $390

# AUS WHEAT $315

# BS MILLET $450

# AUS BARLEY $285

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

Argentina / China/ Panamax,50 USD (TO)

USA PNW / China /Panamax ,32USD +55 USD GULF

Russia /Turkey /Coaster , 35USD

Ukraine /China /Panamax 34 USD

Ukraine / Indonesia Panamax 38 USD

Australia /China / Panamax 17 USD

Australia /Saudi /Panamax 48 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