Grain Highlights 23.11.2021

Due to prolonged rainfall in Western Australia, the quality of the new wheat crop is deteriorating and its prices are rising despite the fact that the harvesting campaign has already started.

- According to FranceAgriMer, as of 15.11.2021, 93% of the planned areas have been sown with winter wheat in France and 99% of the crops are in good and excellent condition.

- Yesterday, commodity funds in Chicago were net buyers of 10,500 contracts of corn, 7,500 contracts of soybeans and 15,500 contracts of wheat.

- As of November 22, 2021,95% of the areas are harvested with corn in the United States (+4% for the week), with sunflower 90%, with soy 95%. 96% of the planned areas are sown with winter wheat and 44% of the crops are in good and excellent condition - 43% (a year earlier).

- Due to prolonged rainfall in Western Australia, the quality of the new wheat crop is deteriorating and its prices are rising despite the fact that the harvesting campaign has already started.

- In October, 775,300 tons of soybeans were delivered to China from the United States (3.4 million tons in October 2020). Deliveries from Brazil were 3.3 million tons (+22%). During the month, total soybean imports in China reached 5.11 million tons (-41%).

- At the tender for the purchase of sunseed oil in Turkey, the lowest price was presented for 6,000 tons of sunseed oil - 1,474 USD/ton C&F. Delivery must be made over the period of December 1 - 20.