31-12-2020 -AG NewsWire

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

31-December -2020--------------

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

"To discern profits only when it is within the ken of the market herd is not the acme of investing excellence”

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

This week rally happened ,although it was a big holiday.

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

Wheat Mar '21 (ZWH21)

640-4s -0-2 (-0.04%)

it was a rally for wheat.

U.S.. Wheat bookings from the week ending 12/24 were on the high end of expectations with 520,567 MT reported. That was a 32% increase on the week and 66% above the same week last year. HRS sales made up half of the week’s total activity, and white wheat sales were another 37% of the total.

Australian grain is being helped by doubts about supply out of Russia, where the government is trying to control domestic inflation by slapping a $US25 a tonne tax on grain exports

The Black Sea wheat market is entering 2021 at a six-year high and on a bullish trajectory, and as Russian quotas and tariffs are to be enforced by mid-February that market may experience further volatility in the near future.

For the major importing countries of Black Sea wheat, including Egypt and Turkey, the US Department of Agriculture expects imports at 123.65 million mt in the 2020-21 marketing year (July 1-June 30), up 1.2% from 122.16 million mt in 2019-20. Sudden demand increases for wheat followed the second wave of the coronavirus pandemic has led to a spike in international tenders, further increasing demand.

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Wheat 11.5 Protein Blacksea Ukraine Fob Bulk # 265 USD

Wheat 11.5 Protein Blacksea Russia Fob Bulk # 265USD

Wheat 11.5 Protein SA Argentine Fob Bulk # 260 USD

Wheat ASW Australian #270FOB

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

Soybean Jan '21 (ZSF21)

1315-2-0s -

Soybean Meal Jan '21 (ZMF21)

434,4s

Soybean futures finished in the teens on the last day of the year on concerns about dry weather in South America.

Rain in growing regions of Argentina likely won’t be enough to improve soil moisture

Dry weather will spread again next week and is forecast through the six- to 10-day period, the forecaster said.

March soybean futures closed up 9½¢ to $13.10 a bushel on the Chicago Board of Trade.

March soymeal futures gained $1.30 to $429.10 a short ton.

A port strike in Argentina that left about 150 ships waiting finally ended after almost three weeks, according to a statement from the port operator. Workers will receive a 35% wage increase and a bonus to go back to work, the statmement said.

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Soybeans Blacksea Fob 530USD,

Soybeans Argentine Fob 540 USD, Newcrop 500 usd

Soybeans Brasil Fob NewCrop 510 USD

Non Gmo Soybean (Ukraine) to China Main 645USD

Soybean Meal Argentine Fob 500 USD newcrop 475

Premiums# USA Meal +75 zmh Main Port Asia

Premiums# Argie Meal +65/70 ov zmh Malaysia /Indonesia/Vietnam

Sunflower Meal to Asia Main Ports 370 USD

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

Corn Mar '21 (ZCH21)

484s

Corn gained more ground to touch its highest in 6-1/2 years, while wheat rose in early Asian trade

The week’s corn shipments were a MY high of 1.34 MMT. China was the top destination with +400k MT shipped to the PRC. Japan and Mexico were also shipped +200k MT each

Corn ended up 24.8% for the year

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USA Corn FOB 220 USD

Argentina Corn FOB 245 USD Brasil +10 USD

Blacksea Corn FOB 235 USD

Ddgs market to Asia main ports CNF 330 USD

USA Cgm Market Asia main ports CNF 830 USD

Others ----------------

USA %80 Feather Meal to Asia main ports CNF 910 USD

USA %60 Poultry Meal to Asia main ports CNF 900 USD

Sunflower Meal to Asia main ports CNF 370 USD

Rapeseed Meal to Asia main ports CNF 350 USD

Blacksea Milet to Asia main ports CNF 380 USD

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

Argentina / China/ Panamax, 37 USD

USA Pasific West / China /Panamax , 25 USD

Russia /Turkey /Coaster , 27 USD

Ukraine /China /Panamax 31 USD

Ukraine / Indonesia Panamax 35 USD

Australia /China / Panamax 25 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