Grain Highlights 26.11.2021

27 Nov, 2021
Grain Highlights 26.11.2021
In their November report, analysts from the European Commission raised their forecast for soft wheat exports from the EU in 2021/22 to 32 million tons (30 in the previous estimate).

- In the week starting from 01.12.2021, the export tax on Russian wheat will be 80.8 USD/ton (78.3 weeks earlier). The export tax on barley will be 68.3 USD/ton (65.3) and the export tax on corn will reach 54.3 USD/ton (53.6).

- According to data from the APC - Inform, 5.4 million tons of cereals were exported from Ukrainian seaports in October (+1.6% compared to September - 5.3). Wheat exports reached 3.4 million tons (-18.6% compared to September), corn exports were 1.3 million tons (+780%) and barley exports reached 0.67 million tons (-31.2%). 835,500 tons of wheat were exported to Egypt, 198,100 tons of corn to China and 214,700 tons of barley to Turkey.

- In their November report, analysts from the European Commission raised their forecast for soft wheat exports from the EU in 2021/22 to 32 million tons (30 in the previous estimate). The EU wheat production is estimated at 130.4 million tons (130.4) and the ending wheat stocks are projected at 12.7 million tons (13.9). The corn production is expected to reach 68.4 million tons (67.8) and corn imports are estimated at 14.5 million tons - unchanged.

- According to FranceAgriMer, as of November 22, 2021, 97% of the corn areas have been harvested in France (+6% for the week). The sowing campaign of winter wheat was carried out on 97% of the planned areas (+5% for the week). The sowing campaign of winter barley has been carried out on 99% of the planned areas (+2%). The condition of the crops remains excellent.

- According to the forecast of the Buenos Aires Grain Exchange, the wheat production in Argentina will reach a record 20.3 million tons in 2021/22 (+0.5 million tons compared to the previous estimate). As of 24.11.2021, 32.8% of the wheat areas have been harvested in the country (+15.2% for the week) and 5.18 million tons of wheat have been harvested at an average yield of 2.44 tons/hectare.

- Over the period of November 1-25, palm oil exports from Malaysia reached 1.255 million tons compared to 1.201 million tons a month earlier.

- Egypt's state-owned company GASC has purchased 30,000 tons of soyoil from ADM at a price of 1468 USD/ton C&F.