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Russian spring grain planting slowed down at the final stretch, progressing another 5.7 percentage points to 93.7% complete in the week to Tuesday June 11, according to agriculture ministry data.
France’s state-backed farm agency FranceAgriMer has moderately increased its forecast for 2023/24 soft wheat exports outside the European Union in its monthly outlook published on Wednesday June 12.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
The European Union’s weekly wheat exports totaled 269,440 tonnes in the week to Sunday June 9, according to initial data from the European Commission released on Tuesday June 11.
In its first production forecast for the new 2024 marketing year, France’s farm ministry Agreste estimated winter barley production in the country to be around 8.6 million tonnes, down by 10.7% from 2023 but up by 2.6% from the five-year average.
In its third forecast for the 2024 crop, trade association Coceral pegged the total grain crop in the EU27 (the EU’s 27 members) and the UK at 296 million tonnes, slightly above the previous forecast of 295.5 million tonnes and up from the 292.8 million tonnes harvested in 2023.
US corn and soybean planting advanced at a slower pace compared to last year in the week to Sunday June 9, while spring wheat and barley exceeded the pace of 2023, the USDA’s weekly crop progress report showed on Monday June 10.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
The Russian government has increased the wheat export tax, leaving the corn and barley tariff at zero for June 12-18 period, the country's Ministry of Agriculture reported on its website on Friday June 7.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
There is less than a month left until the official start of the new 2024/25 season in Ukraine, and many questions and issues have been raised among the market participants worldwide about what to expect.
Grain volumes declared for export out of Ukraine totaled 1.1 million tonnes during the week to Friday June 6, according to data from the country’s State Customs Service.
French soft wheat growing conditions slightly improved in the week to Monday June 3, but remained much lower overall compared with previous year, while planting of the corn crop rose to 90%, according to a weekly crop report from French farm agency FranceAgriMer on Friday June 7.
Dry weather in the US Midwest and Great Plains is expected to continue in the days ahead, favoring fieldwork in the key growing regions.
Ukraine’s spring grain planting progressed by another 1 percentage point to being 99% complete in the week to Thursday June 6, according to agriculture ministry data.
Tunisia’s state grain importer Office des Cereales (ODC) has issued two fresh tenders looking for 75,000 tonnes of optional-origin feed barley and 50,000 tonnes of milling wheat for June-July shipment, sources told Fastmarkets on Thursday June 6.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
Rouen milling wheat exports were up by 51% over the week to Wednesday June 5, rising to 122,734 tonnes from 80,850 tonnes in the previous week, but they remained below weekly export averages, according to data released by port operator Haropa.
Exports of Australian wheat fell by 28% month on month in April to 1.86 million tonnes, with China retaining its position as the leading importer, data from the Australian Bureau of Statistics showed on Thursday June 6.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.