Wheat prices opened the week with vigor as renewed Russian assaults on Ukrainian ports heightened tensions. Damage inflicted by Russian air strikes on port infrastructure in Odesa and Mykolaiv rekindled concerns over the Black Sea conflict, despite Ukraine's...
Grain prices continued their descent as the USDA fueled optimism about supplies, projecting increases in US corn, soybeans, and wheat stocks for the 2024/25 period.
At the onset of the week, US grain prices experienced an increase, but later faced downward pressure following the release of the USDA’s World Agricultural Supply and Demand Estimates (WASDE).
After China ended antidumping tariffs on Australian barley in August, dramatically lowering imported barley prices by $11 per MT, Chinese importers secured about 20 shipments, or over 1 MMT, of that grain from Australia.
Grain markets were mixed on both sides of the Atlantic, as traders await the latest WASDE from the US Department of Agriculture (USDA), which is due to be released on Thursday; they are also weighing up weather linked risks in different regions globally.
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.
Further Russian attacks have taken place in Odessa, whilst British Intelligence has issued a warning that the Russian navy are planning to blockade Ukrainian ports, a scenario which could cause wider spread disruption to Black Sea exports, reported CRM...
Wheat prices leaped, leading a strong session for grain futures, as a massive attack by Russia on Ukrainian ports shattered hopes for the country’s grain exports, reports the CRM Agri team.
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.
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.
Wheat prices saw record highs in mid-May, before falling notably in recent months, bringing markets back to where they started the year, finds a CRM Agri review.
Despite the hot and dry conditions experienced this summer in the UK, wheat, barley, oat, and oilseed rape yields are up on the year, finds AHDB’s review of new crop data.
There is degree of optimism for an extension of the UN-backed grain corridor deal, which is allowing Ukrainian grain exports ramp up out of the Black Sea.
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.
The USDA released its May World Agricultural Supply and Demand Estimates (WASDE) report yesterday, which includes the first official look toward next season.
The agri-commodities market’s attention continues to be fully on Ukraine, where harvest prospects and the ability to export remain unknown, say analysts.
Russia’s invasion of Ukraine has led to volatility in several sectors of the global economy. For India and the region, trade is being disrupted in the grains, oilseeds, fertilizer, and energy sectors, among others.
UK based analysts say it is impossible to forecast whether the escalating tensions between Russia and Ukraine will have an impact on physical supply of grains.
Tensions continue to build surrounding Ukraine and potential conflict. An attack by Russia on Ukraine has the potential to disrupt global wheat export markets.
Global wheat markets have become marginally better supplied, mainly from a large Australian wheat harvest, a development that is pressuring not only domestic Australian markets, but also global ones, finds CRM Agri in its latest grain market analysis.
The was limited revision to soybean and corn estimates in the latest WASDE but the global wheat supply and demand this month has eased slightly, with the report forecasting an increase in global production estimates.
Total cereals demand for UK animal feed production next year is likely to be 247K tons lower than 2020/21, coming in at 12.990 Mt, according to a new report.
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.
The USDA FAS forecasts a small recovery in feed demand in Russia as the livestock husbandry sector recovers from dampened demand during the COVID-19 pandemic.
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.
Vivergo Fuels site in Hull in the UK will be re-opening following an announcement by the UK’s Department for Transport that E10 petrol – a cleaner, greener fuel – will be introduced at UK filling stations from September 2021.