Grain Highlights 22.12.2021

Sunseed prices in Russia and Ukraine continue to fall under the pressure of lower sunseed oil prices and despite weak sales from farmers.

- In Ukraine, sunseed with a fat content of 48 - 50% is sold at a price of 597 - 628 USD/ton VAT excluded with delivery to a processor. In Russia, it is currently priced at 485 USD/ton VAT excluded.

- Over January-September, 38.9 million tons of grain were processed in Russia and 31.4 million tons were exported.

- According to data from Russia, winter cereal crops are well protected from snow in many areas of the country. There may be some problems in places where the snow is up to 5 centimeters.

- Over the period of 01.07 - 19.12.2021, 13.35 million tons of wheat were exported from the EU (12.68 years earlier). The largest customers were Algeria with 2.16 million tons, Egypt with 1.32 million tons, Nigeria with 1.08 million tons, South Korea with 823,500 tons and China with 780,000 tons. 4.4 million tons of barley (+17%) were exported, including 1.74 million tons for China, 505,600 tons for Saudi Arabia and 412,000 tons for Jordan. Corn imports over the same period reached a total of 6.52 million tons (8.18).

- According to estimates by the German statistical office, winter wheat areas in the country will be 2.87 million hectares in 2022, which is 0.4% more than the previous year. The winter rapeseed areas will reach 1.08 million hectares (+8.7%) and winter barley areas are projected at 1.2 million hectares (-0.3%).

- Yesterday, commodity funds in Chicago were net buyers of 9,000 contracts of corn, 9,500 contracts of soybeans and 12,000 contracts of wheat.

- According to government data, Egypt has enough stocks of wheat to meet domestic demand for the next 5.3 months and enough vegoil stocks to meet domestic demand for 5.4 months.

- Malaysia will keep the export tax on palm oil of 8% in January 2022.

- Iran has announced a tender for the purchase of 60,000 tons of feed barley, 60,000 tons of feed corn, 180,000 tons of milled wheat and 60,000 tons of soymeal.