The EU executive arm announced at the end of last week that the import ban on grain and oilseeds from Ukraine in five neighbouring EU countries has expired.
Corn and soybean prices fell after USDA estimates for US supplies were larger than markets had expected, but wheat failed to rise on a deep cut to world inventory hopes, finds CRM Agri.
Sorghum is an 'underutilized' grain but could be a sustainable and nutritional addition to animal diets, whilst also benefiting grower economics through lower input costs than corn, according to Sorghum United.
Grain markets witnessed downward pressure at the end of last week, largely because of rain across key producing regions in the US, as well as easing tensions in the Black Sea region, finds an AHDB outlook.
UK animal feed production has declined at a stronger rate than initially expected across all sectors, in the past few months, according to newly released data.
Despite the recently agreed two-month extension of the Black Sea grain export corridor, it has emerged that dozens of ships are still unable to reach Ukraine for loading with grain exports.
The first quarter of 2023 brought some long-awaited, yet below average, feed additive replenishment buying; however, April was a weak month for global trade flows in the sector, finds a report from Kemiex.
Renewal of the UN brokered Black Sea grain export corridor remains a key watchpoint in markets, with it set to expire on Thursday this week, notes the AHDB.
Wheat futures staged their biggest rally in six months after an alleged attack on the Kremlin heightened Russia-Ukraine tensions, stoking doubts over the renewal of the Black Sea grain export deal, warned CRM Agri.
The development of avian influenza (AI) is the big wild card for poultry trade in 2023; the disease poses an ongoing global threat, especially if Brazil's southern states are hit by outbreaks.
In its second forecast for the 2023 crop, Coceral sees the total grain crop in the EU and UK at 303.5 million tons, which, though lower than its forecast in December, would be a significantly higher than the 290.7m tons harvested last year.
Confidence in Brazilian second corn crop remains high, and planting of US corn has become incentivized due to the sustained and large-scale reduction in fertilizer costs, finds a CRM Agri outlook.
The US is looking for formal trade talks with Mexico over the country’s plans to restrict imports of genetically modified corn and other agricultural biotechnology products.
Destined specifically for the dairy sector, palm kernel expeller (PKE) from Indonesia and Malaysia continues to be New Zealand’s leading feed supplement sourced externally, accounting for 54% of imports last year, found a USDA FAS report.
Feed mills in China are including more corn in their feed formulations as higher prices for wheat and sorghum reduce demand for those components, found a USDA report.
Rapeseed futures extended their losses in trade on the Euronext exchange yesterday as the market anticipates a cut in German demand ahead, finds an outlook from CRM Agri.
The latest data reveals that grain exports out of Russia gathered some pace in November, with both corn and wheat exports jumping, relative to October, finds CRM Agri.
This month’s WASDE saw corn production in the US forecast higher, to 353.84Mt, a slight hike on the 352.95Mt estimated in October, leading to a slightly eased ending stock projection.
North American dairy farmers can add the corn hybrid to silage and see feed efficiency boost of around 5%, including carbon, land and water reductions. ‘There doesn’t seem to be a downside for producers to try the technology . . .’
There is a forecast decline in corn production in China with a USDA FAS report citing reduced planting area and yield losses caused by excessive rains in the northeast as factoring into the reduction.
Corn markets were mainly down yesterday as global crude oil prices continued to decline on the back of looming recession fears and poor economic data, particularly for China, noted CRM Agri.
The European Commission (EC) has decided to extend the period of relaxation on certain import controls on feed inputs, one element in a crisis package.
The latest report from the International Grains Council (IGC) indicates a tightening of global grain markets, mainly due to projected declines in corn and wheat.
Ukraine exported 2.17 million tons of grains, legumes, oilseeds, and by-products in June, which is 470,000 tons or 25% more than in the previous month, according to the latest data from Ukraine’s ministry of agriculture.
The fall in crude oil markets at the end of last week has pressured vegetable oil and oilseed markets. After last week’s heatwave across the US, this week’s USDA crop progress report will be closely watched, say CRM Agri.
In its third forecast for 2022, COCERAL sees the total grain crop for the EU and the UK as coming in at 309.5 million tons, an increase from the 305.6 million tons it forecast in March, but lower than the 312 million tons harvested last year.
