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.
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.
An extension of the Ukrainian grain export corridor is anticipated, though the outcome of talks will be crucial for the short and long-term price direction, finds an AHDB report.
The escalation of the war between Russia and Ukraine threatens to curb wheat supplies from the Black Sea region in the short-term, finds a AHDB report.
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.
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.
The experts of the Copa-Cogeca working group met in Brussels this week and confirmed that EU-27 total cereal production should reach 269m tons, a decrease of 6.8% compared to the 2021 harvest.
Canadian canola production has, for some time, been expected to bounce back after last year’s severe drought. Confirmation of this return in production potential for the 2022-23 season has been backed by Statistics Canada.
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.
Ukraine’s ministry of agrarian policy and food is trying to increase the export of agricultural products to 1.5m metric tons (MMT) per month by railway, along with 0,6m Mt via ports and 0,2m Mt by land.
US headquartered technology provider, Centaur, says it has reached a milestone in terms of its work to preserve quality and maximize profitability across the food and commodities supply chain.
Global poultry markets are expected to be strong in 2022, on the back of reopening economies, increasing vaccination levels, and stronger economic conditions, according to Rabobank.
Last week saw the IGC amend its projections for global wheat production in 2021-22 to 782m tons, that is 6m tons lower than its July forecast but still an increase of 1.2% from 773m ton in 2020-21.
We talk to a grain and oilseed market specialist to get an up close perspective on soybean, rapeseed, corn and wheat market developments and the relevance of such events for compound feed producers.
The June WASDE continued to reflect the improving conditions in Europe, Ukraine and Russia, while the US and Brazil remain a concern, say commentators.
Rapeseed markets risk coming under pressure; ahead of harvest, there is a growing confidence in new crop availability in Europe and Ukraine, says CRM Agri.
As speculation took hold this week that China was looking to restrict corn imports and cancel cargo, US data shows the Asian country would seem to be continuing to purchase US corn.
The COVID-19 pandemic has placed the spotlight on meat supply and food security. We get three different perspectives on the future of global food production.
A San-Diego biotech that tweaks genetic crop traits to improve their rates of photosynthesis, says new data shows its PhotoSeed technology can improve the oil, protein, and sustainability profile of soybeans.
Current conditions are positive for wheat supply, while corn markets have been dominated by the large US-China export sales, and soybean markets have continued to trade sideways, finds this week’s analysis by CRM Agri.
US corn production estimates were downgraded further in the January WASDE, lowered to 360.25MT from 368.49MT in the December report, according to CRM AgriCommodities in its analysis of the latest USDA data.
In terms of wheat, the December USDA WASDE has been largely overshadowed by the possibilities of an export tax being placed on Russian wheat later this season, said Peter Collier, analyst, CRM AgriCommodities.
Despite the recent import duty suspension by the Brazilian government, soybean crushers are not keen on importing soybeans and are ready to wait until the new Brazilian harvest hits the market in February, market sources told S&P Global Platts.
The much-awaited September USDA WASDE has confirmed views that up to 10MT of US corn production has been lost following the storms and prolonged dry period, noted Peter Collier, analyst, CRM AgriCommodities.
Globally wheat stocks-to-use is up year-on-year, but a poor start for crops in Argentina with dryness and frosts needs monitoring, warns AHDB analysts in their latest grain market report.
In the latest World Agricultural Supply and Demand Estimates (WASDE) report from the US Department of Agriculture (USDA), global maize production for 2020/2021 was cut by 25.27MT to 1163MT.
The mildly bearish June World Agricultural Supply and Demand Estimates (WASDE) contained few surprises with the USDA taking a cautious approach as ever with incremental changes, reports CRM AgriCommodities.
