The state company of Egypt GASC has purchased through direct negotiations 260,00 tons of Russian wheat with delivery within 25.12 - 28.02.2022 at an average price of 354 USD/ton C&F (361 on the previous purchase).
The Buenos Aires Grain Exchange reports that as of 07.12.2022, only 37.1% of the planned soybean areas have been sown in Argentina (+8% for the week and -20% compared to 2021).
In 2022/23, wheat exports from Argentina will reach 6.5 million tons, which is the lowest result for the last 8 years, according to the forecast of the Rosario Grain Exchange.
StoneX again raises its forecast for the 2022/23 soybean production in Brazil by 0.7 million tons to 155 million tons, which is 29.5 million tons more than the previous year.
In Egypt, many private mills have stopped working due to a wheat supply crisis. 600,000 – 650,000 tons of wheat are blocked in the country's ports and only small quantities are released to the millers.
As of 29.11.2022, the export prices of Australian premium white wheat and standard white wheat have decreased to 357 USD/ton and 315 USD/ton FOB Kwinana, respectively.
