Grain Highlights 01.04.2022

According to the forecast of APC - Inform, the losses of winter in Ukraine will be 41% and the losses from spring crops will be 39% in 2022.

- In the week starting from 06.04.2022, the export tax on Russian wheat will be 96.1 USD ton (87 weeks earlier). The export tax on barley will be 75.4 USD/ton (75.8) and 65.8 USD/ton on corn exports (58.3).

- In February, exports of sunseed oil from Kazakhstan reached a record 16,300 tons (+250% compared to January and +62% compared to February 2021).

- According to FranceAgriMer, as of March 28, 2022, 92% of wheat crops are in good and excellent condition in France (92% a week earlier and 87% a year earlier). 88% of the winter barley crops (88% and 84%) are in good and excellent condition in France.

- As of March 1, 2022, wheat stocks in the United States were 27.9 million tons, which is the lowest level for the last 14 years.

- Yesterday, commodity funds in Chicago were net sellers of 22,500 soybean contracts and 5,000 wheat contracts and net buyers of 15,000 corn contracts.

- 19% of soybean areas and 14.4% of corn areas have been harvested in Argentina. Cold weather could further lower forecasts for the current soybean (42 million tons) and corn production (49 million tons) of the Buenos Aires Grain Exchange.

- Jordan has announced a tender for the purchase of 120,000 tons of barley with delivery within August - September. A tender for the purchase of 120,000 tons of milling wheat has been canceled and the next one is scheduled for April 6, 2022.

- Algeria has bought about 600,000 tons of wheat at a price of 448 USD/ton C&F. Most of the grain will be delivered from Romania and Bulgaria.