Grain Highlights 09.09.2021

According to Anec's forecast, 4.4 million tons of soybeans and 2.67 million tons of corn will be exported from Brazil in September.

- According to Ukroliyaprom's forecast, the sunseed production in Ukraine will reach 16.5 million tons in 2021 (13.11 million tons in 2020). In the new season, sunseed oil production in the country is projected at 7.225 million tons (5.93) and sunseed oil exports are estimated at 6.55 million tons (+1.17).

- As of 09.09.2021,11.8 million hectares of cereals have been harvested in Kazakhstan, which is 74.3% of the areas. 10.3 million tons of grain were harvested at an average yield of 0.87 tons/hectare.

- In August, wheat exports from France to non-EU countries reached 834,000 tons, including 335,900 tons to Algeria, which is the highest level for the last three years. Barley exports were 909,900 tons, the highest level in 10 years. Total grain exports during the month reached 1.96 million tons (highest level since 2009/10).

- Yesterday, commodity funds in Chicago were net buyers of 1,250 soybean contracts and net sellers of 5,000 wheat contracts. The deals were neutral for corn.

- According to MarketsFarm, the ending canola stocks in Canada were 1.8 million tons in 2020/21 (-48.6% compared to 2019/20), which is the lowest level since 2017.

- According to Anec's forecast, 4.4 million tons of soybeans and 2.67 million tons of corn will be exported from Brazil in September. In August, exports reached 5.79 million tons and 4.19 million tons, respectively, and in September 2020 - 3.92 million tons and 5.76 million tons. From the beginning of the season to the end of September, total soybean exports are expected to reach 78.7 million tons (79.2) and corn exports are estimated at 12.8 million tons (20.1). Over the week of 29.08 - 04.09.2021, soybean exports reached 1.19 million tons and corn exports were 601,800 tons. During the week of 05 - 11.09.2021, soybean exports were 1.29 million tons and corn exports reached 971,700 tons.

- Tunisia has announced a tender for the purchase of 100,000 tons of soft wheat and 100,000 tons of barley with delivery within 05.10 - 05.11.2021.

- According to S&P Global Platts, palm oil stocks in Malaysia were 1.74 million tons at the end of August, which is the highest level since June 2020. Palm oil production reached 1.67 million tons - the highest level since November 2020 and palm oil exports were 1.23 million tons (1.41 in July).

- Jordan has canceled a tender for the purchase of 120,000 tons of milled wheat.

- Saudi Arabia has announced a tender for the purchase of 360,000 tons of wheat 12.5% of any origin ​​and delivery in November.

- The Government of India may reduce the import tax on unrefined soybean and sunseed oils from 30.25% to 24.75% and on refined palm and soybean oil from 41.25% to 31.75%.