Agriant Commodities------------ 10-07-2022 Grain and Feed News
- Ceyhun Besli
- Jul 11, 2022
- 3 min read
Agriant Commodities------------ 10-07-2022 Grain and Feed News
Hot Topics----------------------
The war has trapped about 22 million tons of grain inside Ukraine, according to President Volodymyr Zelenskyy, a growing crisis for the country known as the “breadbasket of Europe” for its exports of wheat, corn and sunflower oil.
Before Russia’s invasion, Ukraine could export 6 million to 7 million tons of grain per month, but in June it shipped only 2.2 million tons, according to the Ukrainian Grain Association. Normally, it sends about 30 percent of its grain to Europe, 30 percent to North Africa and 40 percent to Asia, said Mykola Horbachov, head of the association.
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Wheat -----------------------
Wheat Sep '22 (ZWU22)
891.4-Closing
-French farmers had harvested 14% of this year’s soft wheat crop by July 4 compared with 5% a week earlier, farm office FranceAgriMer said on Friday.An estimated 63% of soft wheat was in good or excellent condition, down from 64% the previous week, FranceAgriMer said in a cereal crop report.
-Wheat imports from Egypt, the world’s largest buyer, are expected to decline in the marketing year 2022-23 (July-June), as the country emphasizes on higher flour extraction from wheat to raise domestic availability of the food grain at a time of high food inflation environment.
Wheat is the staple food grain for Egypt, which annually consumes 20 million-22 million mt of the grain,but produces only around 9 million-10 million mt in a year, according to data from the US Department of Agriculture.
The North African country has decided to increase its flour extraction to 87.5% from 82% earlier. This move is likely to reduce the country’s wheat purchases by at least 500,000 mt for MY 2022-23, traders and sources told S&P Global Commodity Insights.
-Brazil is expected to harvest a record wheat crop of 9 million tonnes in 2022, with growers sowing the largest area for this crop in the past 32 years, according to a survey released on Thursday by Conab, the country’s food supply and statistics agency.
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Wheat, Ukraine 11.5 pro # 395 usd Container Asia
Wheat, Russia 12.5 pro # 360 USD FOB
Wheat, Romania 12.5 # 395 USD , MATIF
Wheat, milling, 12.0%, Argentina, Upriver 410 USD FOB
Wheat, feed, Black Sea # 370 usd Container Asia
Wheat SRW # 2.39 WU2 Container Asia
Wheat Australia SFW # Asia Main Ports #385 usd
Wheat Australia ASW # Asia Main Ports #410 usd
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Soybean & Soybean Meal --------
Soybean Sep '22 (ZSU22)
1414 Closing
Soybean Meal Aug '22 (ZMQ22)
431,3 Closing
The rally in the wheat market continues and that is helping rally the soybean markets. Export sales were disappointing, but the market has ignored the bearish news as it the focus turns to the dryer weather forecasts now in the 6-10 day and 11 to 15 day forecasts.
Soymeal, 48% protein, FOB NOLA #520 USD
Soymeal, 47% pro, FOB Argentina #485 USD- 465 USD October
Soybeans, FOB NOLA #615 USD VS 575 USD
Soybeans, Brazil, FOB #615 USD VS 585 USD
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Corn ----------------
Corn Sep '22 (ZCU22)
633.2Closing
Brazilian farmers have harvested nearly a third of their second corn in center south fields, as dry weather and the higher temperatures that prevailed last week continued to favor the work, especially in top grower Mato Grosso.
According to agribusiness consultancy AgRural on Monday, farmers harvested 30.7% of second corn fields so far in the season, or nearly 25 million tonnes.
With second corn, which is planted after soy is harvested in the same areas, Brazil can compete with suppliers like the United States in global corn export markets during the second half.
Second corn represents about 75% of production in a given year.
Corn, USA 2YC FOB 333.44 USD /1.00 + GULF
Corn, USA 2YC FOB 410.67 USD /2.96 +PNW
Corn, FOB Argentina port, Upriver#265 USD
Corn, FOB Romania 320USD
Corn, FOB Russia – 300 USD
Corn, FOB Ukraine, 300 USD
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Other Container Prices -------------------
#USA DDGS
CNF Indonesisa 380 Usd
CNF South Korea 360Usd
CNF Taiwan 380 Usd
CNF Philipines 400 Usd
CNF Malaysia 375 Usd
CNF Vietnam 385 USD
#USA Corn Gluten Feed, USA FOB 770 usd
#UKRAINE Sunflower-# – CNF Main Port Asia – 420 usd
#AUSTRALIA Feed Barley CNF Main Port Asia – 380 usd
Freight----------------Freightos Baltic Index (FBX): Global Container Freight Index
$6495
Argentina / China/ Panamax, #70 USD (TO)
Argentina / Indonesia Panamax, #58USD (TO)
USA PNW / China /Panamax ,#40USD -- GULF #75 usd
BS /Turkey ------ / Handy #25 USD
BS /China /Panamax #59 USD
BS / Indonesia Panamax #58 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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