Grain Highlights 29.03.2022

According to USDA data, as of March 27, 2022, 32% of winter durum wheat crops in Kansas are in good and excellent condition (25% a week earlier), 7% in Texas (6%), 18% in Oklahoma. 21%) and 11% in Colorado (19%).

- India bought 45,000 tons of sunseed oil from Russia at a record high price of 2,150 USD/ton C&F.

- According to USDA data, as of March 27, 2022, 32% of winter durum wheat crops in Kansas are in good and excellent condition (25% a week earlier), 7% in Texas (6%), 18% in Oklahoma. 21%) and 11% in Colorado (19%).

- Yesterday, commodity funds in Chicago were net sellers of 8,000 contracts of corn, 17,500 contracts of soybeans and 17,500 contracts of wheat.

- According to Safras & Mercado, as of March 25, 2022, the first corn production in Brazil was harvested on 62% of the areas (+5.6% for the week).

- According to the SES forecast, corn production in South Africa will reach 14,684 million tons in 2021/22 (16,315 years earlier). White corn production is expected at 7.57 million tons and yellow corn production is estimated at 7.115 million tons. Exports will reach 1.27 million tons (0.95 on average over the last five years).

- Algeria has announced a tender for the purchase of at least 50,000 tonnes of milled wheat with delivery in June.

- According to the Egyptian trading company LATT, over March 1-22, 696,200 tons of wheat were delivered to Egyptian ports (117,500 tons from Ukraine; 298,700 tons from Russia; 217,000 tons from Romania and 63,000 tons from France). Over the period of February 1 - 23, imports were 418,600 tons. Over 01.01 - 22.03.2022, imports reached 1.1 million tons.

- Jordan has announced a tender for the purchase of 120,000 tons of durum wheat of any origin and delivery in May - July.

- Tunisia has announced a tender for the purchase of 150,000 tons of wheat with delivery within April - June.