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US soybean net export sales for the 2018-2019 marketing year were at a high of 2.835 million mt for the week ending December 13, up 285.38% from the previous week, Department of Agriculture data showed Thursday. This week’s report reflects the first round of buying from China since the 25% tariff on US soybeans was […]
Members of a recent trade mission feel hopeful for the crop’s prospects, particularly in Italy, Morocco and Algeria Canadian durum producers had few reasons to celebrate in 2018 but there might be some cause for optimism in the New Year. Cam Dahl, president Cereals Canada, said he has renewed optimism that Canadian durum exports to […]
On December 20, Egypt purchased 120 KMT of milling wheat from Ukraine & Romania to be delivered on February 11 – 20, 2019 at an average price of USD 263.90/MT C&F. The price in the previous tender equaled USD 257.11/MT C&F. In the previous tender at December 12, 2018, Egypt bought 180 KMT of milling wheat […]
Britain’s farm ministry on Thursday trimmed its estimate of this year’s UK wheat crop to 13.95 million tonnes, down from the 14.09 million seen previously. The crop is now down 6.0 percent from the prior season’s 14.84 million, driven by a 6.2 percent decline in the average yield to 7.8 tonnes per hectare. There was […]
In a tender held on December 19, 2018, the Egyptian state buyer GASC only purchased soybean oil from the domestic market, reports UkrAgroConsult. According to trade sources, the soybean oil was bought from Watanya/Cargill (16 KMT at a price of EGP 11,685/MT, or USD 652.43/MT) and Alex.Co (15 KMT at a price of EGP 11,685/MT, […]
According to the Reuters news agency, China on Wednesday made the first significant purchase of American soybeans since the escalation of the trade conflict. This information pleased U.S. soybean growers, who harvested another bumper crop in 2018. The volume of purchases is said to be 1.5 MMT. Because of the trade disputes, Chinese importers actually […]
As the soybean planting reaches 98% complete, some farmers in Brazil are already harvesting the 2019 crop, according to consultancy AgRural. Decisions to sell or store soybeans are facing farmers in the first-cut soybean areas. Crop Losses Meanwhile, other regions are ready to start to harvest and others are recording yield losses due to a […]
The challenge of climate change could post a threat to traditional UK growing patterns, according to an annual harvest yield survey. The publication of Strutt & Parker’s annual Harvest Yields Survey offers a fresh end-of-year perspective on the 2018 season. However, at a time when farmers are looking ahead to 2019, the analysis highlights the […]
The Chinese have resumed buying US soybeans but much more is needed to make up for the sluggish US exports since the beginning of the season, said the team. “The world needs to see China purchasing at least 10MT of US soybeans if prices stand a chance of a recovery,” added the UK based agri-commodity […]
DESPITE a reduction in Australian production, world wheat supplies for 2018-19 have increased by 800,000 tonnes, according to the latest US Department of Agriculture world supply report. A bumper Canadian crop and additional Russian carry-over stocks have levelled out the gap in grain production as Australian production suffers the effects of drought. Australia’s wheat exports […]
The U.S. Department of Agriculture’s Economic Research Service released its Situation and Outlook Report for Wheat Dec. 13. This month, the ERS projects all U.S. wheat exports for the 2018-2019 marketing year will be cut by 25 million bushels to 1 billion total. “Export sales through the first six months of the marketing year are […]
Chinese state-owned industries returned to buy US beans on Tuesday, with at least five cargoes being snapped up off both the Pacific Northwest ports and in the US Gulf, market sources said, with some estimates as high as 14 cargoes have been bought. At least three cargoes were purchased out of Oregon with a further […]
Water deficit coupled with sugar mills operational drag has cut down the area under wheat by 0.822 million as the crop has been sown over 8.011 million hectares across the country against the target of 8.833 million hectares for this season, an official said on Tuesday. “The cultivation was almost up to the set mark, […]
According to USDA estimates, wheat stocks in the top eight exporters (Australia, Argentina, Canada, the EU, the U.S., Russia, Ukraine, and Kazakhstan) will close the 2018/19 season at some 55 MMT, i.e. at the lowest level since MY 2013/14. At the same time, the U.S. share in this volume will set a few-year record of […]
The European Union has become a net importer of grain for the first time in more than a decade following a drought-affected wheat harvest, strong competition in exports from Russia and a record pace of maize imports. As of Dec. 16, the EU has imported 13.15 million tonnes of grain so far in the 2018/19 […]