8/11/20 -AG NewsWire

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

8 November , 2020--------------

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

Australian wheat exporters are closely monitoring trade arguments with China

Its abit fearfull to block ag business between two nations (wheat exports to china %6-8)

The FED has kept monetary policy firmly with interest rates at rock bottom and no changes to its bond purchases

USDA REPORT will be next week

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

Wheat Dec '20 (ZWZ20) 602-0s at the closing bell on Friday # Chicago

Australia's wheat exports are pegged at 17mmt for the 2020/21 marketing year, due to larger exportable surplus created by the favourable growing conditions across most of Australia this season However , last few weeks concern is harvest delay because of rains

The Goverments keep demanding for wheat as strategical reserves during pandemic ,

The Dispute by China to Australia about AG Product might be postponed

Aussie Wheat exports to china %6-8

GASC buys 300kmt Russian in two slots, FOB price $261.5

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Wheat 11.5 Protein Blacksea Ukraine Fob Bulk # 250 USD

Wheat 11.5 Protein Blacksea Russai Fob Bulk # 255 USD

Wheat 11.5 Protein SA Argentine Fob Bulk # 250 USD

Wheat ASW Australian #260 FOB

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

Soybean Jan '21 (ZSF21) 1101-4-Soybean Meal Dec '20 (ZMZ20) 382.4s

Soybean and soybean meal were strong this week

News says , China is still pushing for USA Products demands

Argentine and Brasil stil has some weather issues (*dryness)

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Soybeans Blacksea Fob 475-480 USD,

Soybeans Argentine Fob 475-480 USD,

Soybeans Brasil Fob NewCrop 465 USD

Soybean Meal Argentine Fob 455 USD

Premiums# USA Meal +65-70 ov SMZ Main Port Asia

Sunflower Meal to Asia Main Ports 330-340 USD

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

Corn Dec '20 (ZCZ20) 406.6s

Corn market increased as following bull news from weather issues at Blacksea

and steady demands by china

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

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USA Corn fob 215 USD

Argentina Corn FOB 220USD Brasil +5 USD

Blacksea Corn 235 USD

Ddgs market to Asia main ports CNF 280 USD

USA Cgm Market Fob 650

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

USA Pacific West / China /Panamax , 24 USD

Russia /Turkey /Coaster , 30USD

Ukraine /China /Panamax 31 USD

Ukraine / Indonesia Panamax 35 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