Grain Highlights 28.06.2021

Strategie Grains has raised its forecast for the EU rapeseed production in 2021/22 to 17 million tons (16.82 million tons in the previous estimate and +3.3% compared to 2020/21).

- Over the period of 01.07.2020 - 21.06.2021, 1.67 million tons of sunseed oil were delivered to the EU. A year earlier, sunseed oil imports were 2.31 million tons (+UK). Deliveries from Ukraine were 1.49 million tons, 85,450 tons from Serbia, 65,420 tons from Moldova, 7,450 tons from Russia and 7,000 tons from Argentina. Over the same period sunseed oil exports from the EU reached a total of 547,850 tons.

- Strategie Grains has raised its forecast for the EU rapeseed production in 2021/22 to 17 million tons (16.82 million tons in the previous estimate and +3.3% compared to 2020/21). The sunseed production is projected at 9.82 million tons (9.88 and 8.7).

- According to FranceAgriMer, as of 21.06.2021, 79% of soft wheat crops (81% a week earlier and 56% a year earlier), 89% of the corn crops (90% and 83%) and 75% of the winter barley crops  (76% and 51%) are in good and excellent condition.

- On Friday, commodity funds in Chicago were net sellers of 2,500 contracts of corn, 6,500 contracts of soybeans and 6,000 contracts of wheat.