Grain Highlights 20.01.2022

20 Jan, 2022
Grain Highlights 20.01.2022
According to the forecast of Rusagrotrans, wheat exports Russia will reach 2.1 - 2.3 million tons in January (3.45 in January 2021).

- According to the forecast of Rusagrotrans, wheat exports Russia will reach 2.1 - 2.3 million tons in January (3.45 in January 2021). For the whole of 2021/22, wheat exports are estimated at 33.4 million tons (39).

- Ukrainian farmers are slowing down the sale of grain from the old crop, but willingly sell the new 2022/23 crop. At the beginning of January, wheat with delivery within August-September was priced at 267 - 282 USD/ton, and as of 14.01.2022 prices dropped to 252 - 272 USD/ton. Currently, the price of wheat with delivery in August is 265 - 275 USD/ton, corn with delivery in November - December is priced at 240 USD/ton, rapeseed with delivery in August sells for 615 USD/ton. Energy prices and the weather will have the strongest impact on grain.

- Yesterday, commodity funds in Chicago were net buyers of 15,000 contracts of corn, 15,500 contracts of wheat and 16,500 contracts of soybeans.

- According to the forecast of Oil World, the soybean production in South America will reach 186.3 million tons in 2021/22 (202 in the December forecast and 193.69 in 2020/21), including:

  • Brazil - 135 million tons (138.5 in 2020/21)
  • Argentina - 42 million tons (43.8)
  • Paraguay - 7 million tons (9.54)
  • Uruguay - 1.85 million tons (2.3)

The Buenos Aires Grain Exchange estimates the soybean production in Argentina at 44 million tons and the Rosario Grain Exchange projects it at 40 million tons.

- In 2021, China bought 58.15 million tons of soybeans from Brazil (64.28 in 2020). Purchases from the United States were 32.3 million tons (25.89). In total, 96.52 million tons of soybeans (-3.8%) were delivered to China in 2021.

- According to data from the Buenos Aires Grain Exchange, the wheat production in Argentina reached a record 21.8 million tons in 2021/22. The previous record of 19 million tons was set back in 2018/19. In the new season, exports are projected at 13.3 million tons (11.2 in 2020/21).

- In 2021, total grain production in China reached a record 628 million tons (+13.35 compared to 2020).

- Iran has announced a tender for the purchase of at least 60,000 tons of wheat with delivery over February-March.

- Turkey has purchased 345,000 tons of barley at an average price of 322.58 USD/ton C&F and delivery within 15.02 - 10.03.2022.