Agriant Commodities------------ 03-07-2022 Grain and Feed News
- Ceyhun Besli
- Jul 4, 2022
- 4 min read
Agriant Commodities------------ 03-07-2022
Hot Topics----------------------
“Another negative week for prices as the advancing U.S. harvest, continued talks around the Ukrainian export corridors, concerns over global inflationary pressure and commodity demand as a result all weigh on prices,” British merchant ADM Agriculture Ltd said of wheat.
Russia’s plans to ease the burden of an export tax to help shift an expected record crop were also curbing wheat prices, traders said
The latest analysis, shared by the top U.S. intelligence official late Wednesday, further suggests there may be an opening to bring the current fighting in Ukraine to an end, even if Russia sees it only as a chance to better position itself for future conquest.
“We assess at this stage that their [Russia’s] ground forces have been degraded to the point where it will take them years to get back to where they were," Director of National Intelligence Avril Haines said late Wednesday, during a discussion in Washington hosted by the Silverado Policy Accelerator and tech giant Google.
Even their near-term military objectives are really not capable of being achieved by their military right now," Haines said. “It is entirely plausible, from our perspective, that depending on how things develop over the coming months and so on that he [Putin] is convinced that there is value in effect, coming to some sort of agreement."
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Wheat -----------------------
Wheat Sep '22 (ZWU22)
846.0Closing
Better weather and a brief drop in demand recently helped bring futures for the grain to a four-month low, but analysts say the food commodity may have hit a floor.
After a feverish series of months where the price of wheat hit a decade high after Russia’s invasion of Ukraine, the grain recently saw a sharp drop in futures prices.
Reuters reported on Monday that U.S. wheat futures fell to their lowest point since February. And front-month wheat futures on the Chicago Board of Trade in the U.S. and on the Matif futures exchange in the European Union are both down 20% since mid-May, according to Paul Hughes, chief agricultural economist with S&P Global Commodity Insights. He cited a few factors for the decline.
Meanwhile, Australia, which is one of the biggest exporters of wheat, is expected to produce a bumper crop
Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), bought 815,000 tonnes of mainly French wheat in a tender, marking its biggest single purchase in years as prices slightly ease.
The purchase comprised 350,000 tonnes of French wheat, 240,000 tonnes of Romanian wheat, 175,000 tonnes of Russian wheat and 50,000 tonnes of Bulgarian wheat, GASC said.
The amount will be shipped in August, September and October 2022.
The lowest cost and freight offer was for Romanian wheat at $429.90 a tonne, traders said, a 10% drop from the lowest offer purchased in GASC’s last tender in June but still a 58% rise from a Romanian purchase made around the same period last year.
Wheat, Ukraine 11.5 pro # …..
Wheat, Superior, France #372USD FOB
Wheat, Russia 12.5 pro # 390 USD FOB
Wheat, Romania 12.5 # 398 USD ,
Wheat, milling, 12.0%, Argentina, Upriver 445 USD FOB
Wheat, feed, Black Sea ----USD FOB 380- 365 SEP/OCT
Wheat Australia SFW # Asia Main Ports #385 usd
Wheat Australia ASW # Asia Main Ports #410 usd
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Soybean & Soybean Meal --------
Soybean Nov '22 (ZSX22)
1395-2s Closing
Soybean Meal Aug '22 (ZMQ22)
422.1s -Closing
Soymeal, 48% protein, FOB NOLA #530 USD
Soymeal, 47% pro, FOB Argentina #475 USD- 460 USD October
Soybeans, FOB NOLA #630 VS 580 NC
Soybeans, Brazil, FOB #640 VS 590
Chicago soybean prices eased on Friday as recession fears cast a pall on commodity markets and traders took a cautious view on the U.S. government’s sharp cut to its soybean planting estimate.
After an initial rally following Thursday’s U.S. Department of Agriculture acreage report, the market was waiting to see if the steep downward revision to soybean planting would be amended later in the season.
“The USDA also said it will resurvey some places,” said a China-based trader, referring to the agency’s plan to collect updated planting information in some states.
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Corn Sep '22 (ZCU22)
619-6s Closing
July corn futures closed up by 10 3/4 cents as the delivery process is underway and OI shrinks. New crop contracts ended the day with 9 to 12 1/2 cent losses heading into the July 4th weekend. USDA reported average corn oil cash prices ranged 70.73 to 73.40 cents/lb regionally through the week that ended 7/1. That was down from 74-76.5 c/lb prices last week. DDGS FOB prices were $282/ton in the gulf and $307/ton in the PNW this week, down $18-26 and $15/ton wk/wk.
Corn, 2YC FOB NOLA USA3# 335 USD
Corn, FOB Argentina port, #260 USD
Corn, FOB Brazil port# 275 USD
Corn, FOB Romania 345 USD
Corn, FOB Russia –
Corn, FOB Ukraine,
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Other Container Prices -------------------
USA DDGS corn, 35 profat, USA FOB NOLA #280-90 USD – CNF Main Port Asia – 410usd
USA Corn Gluten Feed, USA FOB NOLA-#815 USD – CNF Main Port Asia – 885 usd
UKRAINE Sunflower-# – CNF Main Port Asia – 460 usd
AUSTRALIA Feed Barley CNF Main Port Asia – 420 usd
Freight----------------Freightos Baltic Index (FBX): Global Container Freight Index
6,577
Argentina / China/ Panamax, #75 USD (TO)
Argentina / Indonesia Panamax, #60USD (TO)
USA PNW / China /Panamax ,#46USD
BS /Turkey ------ / Handy #25 USD
BS /China /Panamax #68 USD
BS / Indonesia Panamax #55 USD
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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 © 2022
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