Agriant Commodities------------ 25-09-2022 Grain and Feed News
- Ceyhun Besli
- Sep 26, 2022
- 5 min read
Agriant Commodities------------ 25-09-2022 Grain and Feed News
Hot Topics----------------------
U.S. warns Putin of 'catastrophic' consequences if nuclear weapons used in Ukraine
The U.S. dollar remained firmly below a two-decade high versus major peers, while world stock markets remained on edge as investors braced for the U.S. Federal Reserve to maintain its aggressive tightening path to contain stubbornly high inflation.
The Fed is likely to raise interest rates by 75 basis points.
The deal – signed by Ukraine, Russia, Türkiye and the United Nations – also facilitates Russian exports. But Moscow says Western countries are not doing enough to ease logistical difficulties faced by Russian ships due to their sanctions.Putin on Wednesday triggered fears that Moscow could withdraw support for the accord after he said Russia and the developing world had been “cheated” by its terms, floating the idea of limiting the countries that can receive shipments before the deal, which expires in November, is extended.
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Wheat -----------------------
Wheat Sep '22 (ZWZ22)
880 Closing
*Russian wheat prices rose last week with high demand, strong rouble currency and concerns about the extension of the Ukraine grain export deal, analysts said on Monday. Russian prices for wheat with 12.5% protein content and for supply from Black Sea ports rose by $5 to $317 a tonne free on board (FOB) at the end of last week, the IKAR agriculture consultancy said in a note.
Russia exported 1 million tonnes of grain last week, up from 640,000 tonnes the previous week, as lower wheat export tax supports traders’ margins, fellow consultancy Sovecon said, citing port data. Sovecon sees wheat for immediate delivery at $310-314 per tonne. Rains arrived in parts of Russia’s southern, central and Volga regions last week, Sovecon said, adding that farmers had already sown winter grain for the 2023 crop on 7.4 million hectares. That compares with 8.5 million hectares around the same date in 2021. IKAR also said on Monday that it had raised its forecast for Russia’s 2022 wheat crop by 2 million tonnes to 99 million tonnes.
*With harvest starting in the coming weeks in Queensland, Australian Bureau for Agricultural Resource Economics and Sciences (ABARES) this month estimated a winter crop of up to 55 million tonnes. Accuracy and unforeseen weather events not withstanding, it could be the fourth-largest harvest in Australian history. But this stunning success, with a third bumper crop in as many years, has come with a downside. Despite spending the best part of the last decade at a premium to other grain exporting nations like the United States, the Australian price has fallen below its international competition.
*Canadian farmers are on track to produce a better crop this year, even as the memory of a punishing drought last year remains fresh in the Prairie provinces.Early estimates from Statistics Canada suggest crop yields will be higher this harvest because of better growing conditions in Western Canada.
*Bread prices have risen sharply across Europe over the past year, new data reveals, with the increase particularly steep since Russia's invasion of Ukraine.They were on average 18% higher in August than a year before, according to Eurostat, the EU's statistical agency. In August last year, average increases in EU bread prices were at just 3%.Eurostat says bread prices are at their highest level.
Wheat, Ukraine 11.5 pro # 300 FOB / 385 usd Container Asia PK -HCMC-JKT-BKK
Wheat, Russia 12.5 pro # 320 USD FOB
Wheat, Romania 12.5 # 330 USD ,
Wheat, milling, 12.0%, Argentina, Upriver 380 USD FOB
Wheat, feed, Black Sea # 370 usd Container Asia
Wheat SRW # 370 usd FOB GULF
Wheat Australia SFW # Asia Main Ports #375 usd
Wheat Australia ASW # Asia Main Ports #385 usd
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Soybean & Soybean Meal --------
Soybean Sep '22 (ZSX22)
1425 Closing
Soybean Meal Sep '22 (ZMZ22)
423.3 Closing
U.S. grain futures edged higher in Asian trading on Tuesday, with soybeans extending gains on Chinese export demand, while corn rose after a U.S. Department of Agriculture (USDA) report showed a slower-than-expected harvest.
Trading was muted, however, ahead of a series of central bank meetings this week.
The U.S. soy harvest was 3% complete, lagging estimates of 5%. Condition ratings for both soybean and corn crops declined, the USDA said.
Soymeal, 48% protein, FOB NOLA #510USD
Soymeal, 47% pro, FOB Argentina # 485 USD October
Soybeans, FOB NOLA #600 USD
Soybeans, Brazil, FOB #605 USD
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Corn ----------------
Corn Sep '22 (ZCZ22)
676.6 Closing
U.S. corn =futures dipped in Asian trading on Friday, while wheat held firm near the previous session’s 10-week high and was set for a weekly advance on Black Sea supply concerns.
Corn were also set for weekly gains as traders assessed the impact of dry weather in crop areas of Argentina and the U.S. Plains.
Corn, USA 2YC FOB NOLA 295USD
Corn, USA 2YC FOB PNW 324 USD
Corn, FOB Argentina port, Upriver#270 USD
Corn, FOB Romania 310USD
Corn, FOB Russia – 300 USD
Corn, FOB Ukraine, 320 USD via Romania
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Other Container Prices -------------------
USA DDGS
CNF Indonesisa 360 Usd
CNF South Korea 350Usd
CNF Taiwan 370 Usd
CNF Philipines 380 Usd
CNF Malaysia 360 Usd
CNF Vietnam 370 USD
USA Corn Gluten Feed, USA FOB 880 usd
UKRAINE Sunflower-# – CNF Main Port Asia – 405usd
AUSTRALIA Feed Barley CNF Main Port Asia – 340usd
Freight----------------Freightos Baltic Index (FBX): Global Container Freight Index
$4,262
Ocean and air freight demand has softened, rates have declined and there is a lack of market visibility, making it difficult to know what to expect in 2023, according to a senior industry executive.
In an interview with French business newspaper La Tribune, Geodis CEO Marie-Christine Lombard said in the first half of the year the SNCF-owned logistics group had not experienced a slowdown in terms of year-on-year revenue (+34%) and ebit( +53%).
But, during the second quarter, there had been a decrease in volumes in ocean and air freight on certain routes, such as Asia-Europe.
On the other hand, Ms Lombard noted: “The summer dip in ocean is unusual, as this period traditionally corresponds to a peak in activity.”, and this had been accompanied by a decline in rates, she added.
On a decrease in air freight rates too, she said: “We don’t know if this is a cyclical phenomenon because the summer is not normally a busy period. Let’s wait until October/November to see if this trend [in air] is confirmed.
Argentina / China/ Panamax, #55 USD (TO)
Argentina / Indonesia Panamax, #60USD (TO)
USA PNW / China /Panamax ,#38USD
BS /Turkey ------ / Handy #30 USD
BS /China /Panamax #62 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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