Grain Highlights 23.06.2022

In May, sunseed exports from Ukraine reached a multi-year high of 352,000 tons, up 89% from April.

- The Russian Grain Union expects the wheat production in Russia to reach 83-84 million tons in 2022.

- In May, sunseed exports from Ukraine reached a multi-year high of 352,000 tons, which is 89% more than in April. In the first three weeks of June, exports were 365,000 tons. Over the period of 01.09.2021 - 20.06.2022, the export was 895,000 tons, which is five times more than the exports for the first ten months of 2020/21 and is a record level for the last 20 years.

- Over the period of 01.07.2021 - 19.06.2022, 5.4 million tons of oilseeds and products from processing were exported from the EU (4.6 years earlier). The export of products obtained from the processing of sunseed reached 1.85 million tons, and sunseed exports were 385,200 tons.

- Yesterday, commodity funds in Chicago were net buyers of 4,500 contracts of wheat and 3,000 contracts of corn and net sellers of 13,000 contracts of soybeans.

- According to Oil World, soybean processing in Argentina was 4.14 million tons in May (3.92 in April). More than 4 million tons are expected to be processed in June. In May, the processing of sunseed reached 362,000 tons (429,000 in April), and for the first 5 months of the season it totaled 1.59 million tons (1.49).

- Saudi Arabia has announced a tender for the purchase of 480,000 tons of wheat with protein 12.5% ​​and delivery within November - January.

- Pakistan will hold a tender for the purchase of 500,000 tons of milled wheat with delivery within August - September.

- Jordan has purchased 120,000 tons of feed barley of any origin with delivery within October - November and a price of 407 USD/ton C&F.

- Tunisia is looking to buy 100,000 tons of wheat and 50,000 tons of feed barley of any origin and delivery within 20.07 - 15.08.2022.