Grain Highlights 26.08.2021

In 2021/22, soybean areas in South American countries will reach 62.5 million hectares (60.45 in 2020/21), which will allow Mercosur countries to end up with a soybean production of almost 208 million tons, according to an analysis by Céleres.

- The Ministry of Agriculture of Romania estimates the new wheat production in the country at 11.4 million tons (6.4 in 2020) with an average yield of 5.35 tons/hectare (2.99). Exports are projected to reach 7 million tons and domestic consumption is expected at 2.5 - 3 million tons. The corn production is expected to reach 13.7 million tons (10.2).

- Belarus has banned the export of cereals and rapeseed from the country for 6 months, starting from August 26, 2021. The most probable reason for the temporary ban on exports is the low yield of cereals this season.

- Yesterday, commodity funds in Chicago were it sellers of 3,000 contracts of wheat and net buyers of 1,000 contracts of soybeans and 5,000 contracts of corn.

- In 2021/22, soybean areas in South American countries will reach 62.5 million hectares (60.45 in 2020/21), which will allow Mercosur countries to end up with a soybean production of almost 208 million tons, according to an analysis by Céleres. Soybean areas in Brazil will increase by 2.1 million hectares and the soybean production is expected to go up by 7.5 million tons.

- Turkey has announced a tender for the purchase of 300,000 tons of milling wheat with delivery within 19.09 - 10.10.2021.

- Tunisia has announced a tender for the purchase of 100,000 tons of soft wheat and 100,000 tons of barley with delivery within September - October.

- Jordan bought 60,000 tons of durum wheat of any origin at a price of 345 USD/ton C&F with delivery in the first half of February.

- Pakistan has purchased 160,000 tons of milling wheat at a price of 355.95 USD/ton C&F and delivery within 15.09 - 31.10.2021.

- In August, exports of palm oil from Malaysia will fall by 8 - 10% compared to July due to high prices and the withdrawal of buyers.