Articles By Masha Belikova
The publication of reports that the Chinese government has asked state-owned importing companies to restrict purchases of barley and sorghum in 2024 could be an attempt to keep import volumes below the levels seen in 2023, and this could also be the case for wheat and corn imports, trade sources told Fastmarkets in the week started Monday September 2.
Feed wheat cargoes have reached price parity with 11.5% protein milling wheat cargoes at the Constanta-Varna-Burgas (CVB) ports on the European Black Sea in a rare market occurrence.
The Ukrainian government has agreed with the grain industry on an export cap for wheat in the 2024/25 marketing year of 16.2 million tonnes, an official note on the agriculture ministry website showed on Tuesday September 3.
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) revised upward its 2024/25 marketing year estimates for Australian wheat crop by 9% and for exports by 5% compared with its previous report.
The Russian government has again increased the wheat export duty for the September 4-10 period, the country’s agriculture ministry said in an official update on Friday August 30.
US corn imports into the European Union have reached a 25-month high amid relatively low prices for the grain and a high level of competition from other origins that have led the US to become one of the top two corn suppliers to the bloc, EU data has shown.
Traders in agricultural derivative instruments will have access to a raft of new “spread” futures contracts that could unlock new trading opportunities as two of the world’s biggest exchanges announced new products on Wednesday August 28.
Dry bulk freight rates for Panamax vessels in the Atlantic continued to ease in the week to Wednesday August 28 as the market continued to experience excess tonnage availability, with not enough demand to absorb it.
South Korean feed importer Feed Leaders Committee (FLC) has followed other importers and secured 68,000 tonnes of South American corn in a private deal, paying less than the South Korean Feed Association (KFA), sources told Fastmarkets on Tuesday August 27.
Russia's sunmeal export tariff increased to its highest level since April, after declining for four months. Meanwhile, its sunoil export tariff will remain zero for September, the first month of the 2024/25 oilseed marketing year, an update from the agriculture ministry showed on Sunday August 25.
South Korean Feed Association (KFA) has picked up 66,000 tonnes of South American corn for November 30 arrival from ADM in its tender closed which closed on August 27, sources told Fastmarkets.
South Korean Feed Association (KFA) has opened an official tender looking for 60,000-68,000 tonnes of South American corn for November 30 arrival, sources told Fastmarkets on Tuesday August 27.
Russia increased its wheat export duty for the August 28-September 3 period after raising it in the previous week, the country’s agriculture ministry said in an official update on Friday August 23.
South Korean animal feed maker Nonghyup Feed Inc. (NOFI) has booked optional-origin corn in a private deal for November 30 arrival, following Major Feedmill Group’s (MFG) successful corn tender, sources told Fastmarkets on Friday August 23.
The Ukrainian government is considering the 4.6 million tonne quota for milling wheat exports for the 2024/25 marketing year within the usual memorandum between the state and grain market participants, Ukraine’s acting agrarian policy and food minister said during a weekly Trend and Hedge club meeting.
The Ukrainian government has adopted a minimum export price policy resolution, but the policy may only come into force a few months later, Taras Vysotsky, Ukraine’s acting agrarian policy and food minister said during a weekly Trend and Hedge club meeting late on Wednesday August 21.
Dry bulk freight rates for Panamax vessels continued to fall in the week to Wednesday August 21 amid continued excess tonnage in the Atlantic and lower demand from South America.
The Thai Feed Mill Association (TFMA) returned to the grains market on Wednesday August 21, looking to buy September-loading feed wheat, with trade sources reporting that a purchase had been made around $264 per tonne CIF Line Out.
Turkey is still importing Russian wheat even after a ban came into force in June, sources told Fastmarkets, adding that some trade participants are preparing for a price spike because they anticipate that the ban will be removed.
The Russian wheat export tax has risen threefold for the August 21-27 period after declining for a few weeks in a row, the official update from the agriculture ministry showed on Friday August 16.