Market updates on grains and related products with up-to-date price trends
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May 18, 2022

Wheat: exports to hit unlikely record

FRANKFURT/WASHINGTON DC. While Ukraine won the Eurovision song contest on Saturday, the G7 leaders see little cause to celebrate as they warn that Russia is deliberately giving rise to a global food and energy crisis that may cause 50 million people to be confronted with hunger. They also condemn India’s sudden export ban for wheat. Yet, the 2022/2023 projections for wheat in the United States Department of Agriculture’s (USDA) recently issued World Agricultural Supply and Demand Estimates (WASDE) are rather on the optimistic side of things.
Grains
May 11, 2022

Quinoa: Peru's crop to be 15-20% lower

LIMA/SUCRE. The quinoa market is facing the same problems as all other agricultural products; higher production costs are causing declining cultivation figures in South America. There are, however, not always alternatives for growers.
Grains
May 2, 2022

Grain: Ukraine accuses Russia of large-scale theft

KYIV. Taras Vysotskiy, Ukraine’s Deputy Minister of Agriculture, accused invading Russian forces of stealing grain in areas they have occupied on 30 April. Vysotskiy stated on Ukrainian TV that “there are confirmed facts that several hundred thousand tons of grain in total were taken out of the Zaporizhzhya, Kherson, Donetsk, and Luhansk regions.” Farmers are set to defy the Russian invaders.
Grains
Apr 28, 2022

Buckwheat: massive increase in Russian shipments to the EU

BEIJING/MOSCOW. Last year, Russia exported almost 170% more buckwheat to EU countries than in the previous year. In contrast, shipments from China, whose market is currently facing various difficulties, declined significantly.
Grains
Apr 27, 2022

Millet: slump in shipments to EU

BEIJING/BRUSSELS. High prices are still subduing trading activities in China. Shipments to the EU declined sharply in 2021. The EU largely depends on imports from Ukraine.
Grains
Mar 30, 2022

Buckwheat: "insufficient“ export demand

BEIJING. The Chinese buckwheat market lacks demand and traders fear that imported goods will put pressure on the domestic market. Germany, meanwhile, has reduced its buckwheat imports compared to last year.
Grains
Mar 30, 2022

Millet: lack of demand puts pressure on prices

BEIJING. Low buying interest and declining freight costs are causing export prices for Chinese millet to drop significantly. Meanwhile, Germany's imports have fallen by 18% since the beginning of the season.
Grains
Mar 1, 2022

Buckwheat: Germany increases imports by almost 25%

BEIJING. In the Chinese buckwheat market, the development of demand is of great importance, especially in the domestic market. Meanwhile, the latest import data to Germany show that imports increased by almost a quarter last year.
Grains
Mar 1, 2022

Millet: significant decline in production in Ukraine

KYIV/BEIJING. Even though the decline in production in Ukraine is not quite as drastic as initially expected, production is still more than 20% lower. Trade in China is currently rather sluggish.
Grains
Jan 18, 2022

Millet: Germany increases imports from China and Ukraine

BEIJING/KIEV. Ukraine has been able to multiply its millet exports in recent years, but a significant drop in production is likely to affect this season's export volume. Meanwhile, there is a lack of demand in the Chinese market.
Grains
Jan 18, 2022

Buckwheat: supplies are tight

BEIJING/MOSCOW. Stocks are low in China, yet buckwheat prices have been adjusted again ahead of the New Year. Meanwhile, Germany's imports are down 13% this season.
Grains
Dec 15, 2021

Millet: Ukraine must cut back on exports

KIEV. After Ukraine was able to continuously increase its millet exports in the past years, they will be significantly lower again in the 2021/22 season. The reason for this is the smaller production volume.
Grains
Dec 6, 2021

Millet: weak demand causes prices to fall

BEIJING. In China, demand for millet is currently so low that many processors have temporarily stopped producing. This is also causing prices to decline.
Grains
Dec 2, 2021

Buckwheat: Chinese prices come under pressure

BEIJING. With the arrival of the Eastern European crops on the market, Chinese market players expect increased price pressure. Prices have already fallen slightly compared to last week.
Grains
Nov 23, 2021

Buckwheat: Russia's production reaches 1 million mt

BEIJING/MOSCOW. Russia, Ukraine and Kazakhstan were able to increase their buckwheat production this year. Germany's imports, however, declined noticeably in the first month of this season. In China, prices remained stable.
Grains
Nov 22, 2021

Millet: Ukrainian crop exceeds USDA estimates

BEIJING/KIEV. According to the latest data from the US Department of Agriculture, global millet production has been lower than expected. In China, market players have been able to agree on a price level.
Grains
Nov 4, 2021

Buckwheat: Russia and Ukraine expect larger crops

BEIJING/MOSCOW. According to official estimates, Russia and Ukraine can both expect an increase in production. Ukrainian farmers are even said to have achieved the best crop in recent years. In China, meanwhile, buckwheat prices continue to rise.
Grains
Oct 19, 2021

Millet: USDA corrects global crop forecast

BEIJING/KIEV. The US Department of Agriculture has reduced its estimate for global millet production in the 2021/2022 season by 4%. China's crop is now available in the market and in Ukraine the harvest process is almost complete.
Grains
Oct 19, 2021

Buckwheat: farmers are reluctant to sell

BEIJING/KIEV. Framers in Ukraine have nearly completed harvesting with average yields ranging at 1.31 mt/ha. Prices are firm in China as some farmers are reluctant to sell. Germany has stepped up buying in Ukraine and China.
Organic Commodities
Oct 7, 2021

Organic chia seeds: weather adversities cause prices to rise sharply

ASUNCION/KAMPALA. Frost and drought have severely affected South America's chia crops this year. A massive price increase was the result, accompanied by higher procurement costs in the international market due to logistical hurdles and restrictions.
Grains
Sep 23, 2021

Buckwheat: drought causes prices to rise

BEIJING/KIEV. The buckwheat harvest continues to progress. In China, drought and good demand are driving up prices. Meanwhile, Germany has increased its imports by 50% year-on-year.
Grains
Sep 8, 2021

Millet: harvesting underway in Ukraine and Belarus

BEIJING/KIEV. Recently issued USDA estimates state that global millet production will range at 31.11 million mt this year. This is roughly on par with last year. While production in India is set to rise by more than 2% to 12.80 million mt, production in Niger is expected to decline by more than 1% to 3.80 million mt. Production in China should be similar in size to last year.
Grains
Sep 7, 2021

Buckwheat: export stop not extended so far

BEIJING/MOSCOW. Until recently Russia did not rule out an extension of the export ban for buckwheat. While harvesting is well underway in Ukraine and has started in Belarus, this is still to happen in China. Prospects are mixed.
Grains
Aug 19, 2021

Buckwheat: first price indications for the new crop

BEIJING. Chinese farmers will soon start harvesting buckwheat and market players are very optimistic. The export ban from the Eurasian Customs Union will remain in place until the end of the month for the time being.
Grains
Jul 28, 2021

Buckwheat: container shortage causes export prices to rise

BEIJING. Due to lucrative alternatives for farmers, buckwheat cultivation in China is declining this year. However, the yield prospects are good. Meanwhile, exports from China to Germany took a positive turn in the current season.
Grains
Jun 23, 2021

Buckwheat: China reduces acreage

BEIJING. The comparatively low demand is not without consequences for the Chinese buckwheat market. Despite the suppliers' restraint tactics, rising prices are not on the cards for the time being and the acreage has been reduced compared to last year.
Grains
Jun 17, 2021

Buckwheat: Eurasian Economic Union decides on export quotas

MOSCOW/BEIJING. As previously announced, Russia has stopped the export of buckwheat, buckwheat groats and buckwheat flakes as of 5 June 2021 until 31 August 2021.
Grains
Jun 9, 2021

Cereals daily: wheat harvest starts in the US

CHICAGO/PARIS. Market and price trends with first trade assessments. The wheat harvest has started in the USA and in Russia, spring wheat cultivation is increasing. Agreste has updated the acreage estimats. Ukrainian corn exports are declining.
Grains
May 19, 2021

Cereals daily: Eastern Europe's crops increase tremendously

CHICAGO/PARIS. Market and price trends with first trade assessments. China surprises with further import demand. COCERAL updates its EU production forecast. Algeria announces a new wheat tender.
Grains
Apr 21, 2021

Cereals daily: massive market turbulence

CHICAGO/PARIS. Market and price trends with first trade assessments. Wheat prices shoot up again, corn, barley and rye also increase, in some cases quite strongly. France buys Romanian wheat. Weather markets and price speculation cause tremors on the stock exchanges.
Grains
Apr 1, 2021

Cereals daily: strong price movements before Easter

CHICAGO/PARIS. Market and price trends with first trade assessments. The USDA quarterly report surprises the market and the export market also recovers again after yesterday's price drop. Algeria's wheat tender surprises the market players.
Grains
Mar 17, 2021

Cereals daily: major blow in Russia

CHICAGO/PARIS. Market and price trends with first trade assessments. Grain prices continue to fall on the physical markets. Russia's change of course on customs policy is apparently causing surprise. China continues to buy more corn.
Grains
Feb 25, 2021

Cereals daily: Russia's cold snap in focus

CHICAGO/PARIS. Market and price trends with first trade assessments. The wheat and corn markets are showing signs of recovery. Russia's cold spell is the focus of the grain markets.
Grains
Feb 16, 2021

Buckwheat: Chinese traders face high freight costs

WARSAW/BEIJING. Raw material purchases continue to be challenging in the buckwheat market. Unfavourable weather conditions led to lower yields in some cases, and at the same time…
Grains
Feb 9, 2021

Cereals daily: weak export performance in France

CHICAGO/PARIS. While France's wheat exports are raising concerns, corn is trading high in Germany. The WASDE report should set new impulses on Tuesday.
Grains
Feb 1, 2021

Cereals daily: selling pressure in Russia

CHICAGO/PARIS. The pressure is on in Russia to sell wheat before the new export tariffs apply. China cannot get enough corn. Meanwhile, the weather spells bad news in Brazil.
Grains
Jan 29, 2021

Cereals daily: exporters in Russia desperate to ship

CHICAGO/PARIS. Exporters in Russia are desperate to ship before the new export tariffs apply. The Euronext has issued a new wheat future from Ukraine. China has stepped up purchases in the corn market.
Grains
Jan 28, 2021

Cereals daily: imports will be required in Europe

CHICAGO/PARIS. Analysts are convinced that the wheat market in Western Europe will require imports to stabilise prices. China is, meanwhile, driving the corn market.
Grains
Jan 27, 2021

Cereals daily: buyers under pressure

CHICAGO/PARIS. China's high import rate for corn has taken the market by surprise. Grain importers are covering on a short term basis. Egypt is, however, keeping a low profile.
Grains
Jan 26, 2021

Cereals daily: new export quotas in the Black Sea

CHICAGO/PARIS. A new outbreak of the African swine fever has been witnessed in southern China's Guangdon province. While Ukraine has decided to implement a new export quota for corn, Russia has lifted the export quota for wheat.
Grains
Jan 18, 2021

Cereals daily: imports may hamper speculations

CHICAGO/PARIS. Russia's gamble with export tariffs is driving up the wheat market sharply. Imports from Canada and Australia, where there are abundant supplies, could easily put a cap on this. The situation is similar for corn.
Grains
Jan 13, 2021

Wheat: surge in prices

CHICAGO/PARIS. Wheat prices have surged in France, Germany and the Netherlands. Rumour has it that Russia's intended export tariffs will far exceed expectations. Egypt has, meanwhile, cancelled the most recent tender.
Grains
Dec 18, 2020

Cereals daily: consternation over Russia's export tariffs

CHICAGO/PARIS. Buyers feel that Russia's export tariffs on wheat are a slap in the face. Weather conditions, meanwhile, spell distaster for corn production in South America.
Grains
Nov 30, 2020

Cereals daily: France prioritises exports to China

CHICAGO/PARIS. China has released wheat reserves and is buying barley. The high prices for wheat and corn have put off many buyers and have prompted demand to shift to other cereals. Mills have withdrawn from the market, while the concentrated feed industry still has to buy.
Grains
Nov 27, 2020

Grain: global production estimates sharply revised

CHICAGO/PARIS. New export and production estimates have been issued for wheat and corn in the Black Sea Region and the EU along with revised IGC production estimates. Attention is shifting more and more towards 2021.
Grains
Nov 25, 2020

Cereals daily: weather conditions spell disaster

CHICAGO/PARIS. Drought like conditions in parts of the US and a heat wave in South America are driving up prices. Russia may introduce an export tax. Germany's Christmas trade has started much earlier.
Grains
Nov 24, 2020

Cereals daily: emerging crises on the Black Sea

CHICAGO/PARIS. While there is doubt about Russia's export quotas, Ukrainian producers are threatened with a wave of lawsuits for non-fulfilment of contracts.
Grains
Nov 19, 2020

Cereals daily: market ups and downs

CHICAGO/PARIS. New data on China's hog market has given wheat and corn a lift. Buyers are keeping a close eye on China's activities, Russia's export strategy and any shifts in supply.