Grain Highlights 17.11.2021

According to APC-Inform, rapeseed oil exports from Russia will reach a record 852,500 tons in 2021/22 (+23% compared to the previous season).

- According to APC-Inform, rapeseed oil exports from Russia will reach a record 852,500 tons in 2021/22 (+23% compared to the previous season).

- According to the European Commission, since the beginning of the season until now, 10.01 million tons of soft wheat have been exported from the EU, which is 8% more than 2020/21 - 9.29 million tons. The largest buyers were Algeria with 1.43 million tons, Egypt with 1.2 million tons, Nigeria with 719,000 tons, South Korea with 823,300 tons and Vietnam with 834,900 tons. The largest exporters outside the EU were Romania with 3.54 million tons, Bulgaria with 1.63 million tons and Germany with 1.21 million tons.

- Yesterday, commodity funds in Chicago were net sellers of 7,000 contracts of corn, 3,000 contracts of soybeans and 9,000 contracts of wheat.

- According to AgRural data, as of 11.11.2021, 78% of the planned areas (+11% for the week) have been sown with soybeans in Brazil. The first corn crop is sown on 85% of the planned areas (+10% for the week).

- According to Anec, 2.6 million tons of soybeans, 1.22 million tons of soymeal and 2.65 million tons of corn will be exported from Brazil in November. In November 2020, the country exported 770,300 tons of soybeans, 1.32 million tons of soymeal and 4.94 million tons of corn.

- Algeria has purchased at least 600,000 tons of milling wheat at a price of 382.50 - 384.00 USD/ton C&F and delivery within 16.12.2021 - 31.01.2022.

- Turkey has announced a tender for the purchase of 320,000 tons of feed barley with delivery in January.

- Turkey has announced a tender for the purchase of 6,000 tons of unrefined sunseed oil with delivery within December 1-20.