Market updates on grains and related products with up-to-date price trends
Grains
Mar 8, 2024

Grains and oilseeds: China seizes the day

BRUSSELS. Panic has broken loose after China cancelled a large order for US wheat. Attractive prices have also prompted China to buy extraordinary volumes of corn in Ukraine. With farmers holding back Brazil will hardly be able to ship as much soy in March and the Red Sea crisis will prompt buyers in Europe to turn to Canda for canola.
Grains
Mar 1, 2024

Grains and oilseeds: Zelenskiy urges Poland to resolve dispute

BRUSSELS. Wheat is still under pressure and tensions are escalating in Poland over Ukraine’s transit shipments of corn and rapeseed. US exporters are struggling to compete with Brazil's soybeans.
Grains
Feb 28, 2024

Buckwheat: firm market in China

DALIAN. Buckwheat quotations are surprisingly firm in China considering that export demand is on the rise. Germany's imports from China surged by 44% in 2023.
Grains
Feb 28, 2024

Millet: Germany cuts back on imports

DALIAN/WIESBADEN. Farmers in China are reluctant to sell millet. Germany has slashed its imports from China by 20%.
Grains
Feb 23, 2024

Grains and oilseeds: frost risk in China

BRUSSELS. Exporters in Ukraine fear that the Red Sea crisis will render wheat shipments to Indonesia more expensive. Opinions are divided over Argentina’s corn crop. China can afford to wait for soy, but frost may considerably damage the country’s rapeseed crop.
Grains
Feb 16, 2024

Grains and oilseeds: frustration over low yields

BRUSSELS. Russia has dragged down US and EU wheat quotations. Limited optimism prevails for corn in Argentina. Soybean yields are frustratingly low in Brazil and rapeseed is only marginally affected by the blockages at the Polish-Ukrainian border.
Grains
Feb 9, 2024

Grains and oilseeds: Ukraine stages incredible export recovery

BRUSSELS. Ukraine’s exports have recovered to an incredible degree for wheat and corn. China’s soybean stocks have slumped by 19% and Tallage expects EU rapeseed production to decline in 2024/2025.
Grains
Feb 7, 2024

Millet: global production to decline by 4% in 2023/2024

DALIAN. Large stocks and low demand could put pressure on prices; this is not immediately apparent to foreign buyers due to increased freight costs, nevertheless it is causing concern for Chinese exporters.
Grains
Feb 6, 2024

Buckwheat: export orders are delayed

DALIAN. High freight costs are making buckwheat trade difficult for Chinese exporters. In addition, domestic demand also leaves much to be desired.
Grains
Feb 2, 2024

Grains and oilseeds: Russia to profit from illegal seizures

BRUSSELS. Russia’s wheat industry is set to profit from illegal land seizures in Ukraine. Improved weather conditions have turned the table for corn. Sluggish demand in China has highly embarrassing consequences for US soybeans. Canada’s canola production may fall short of expectations.
Grains
Jan 26, 2024

Grains and oilseeds: analysts caught out by weather

BRUSSELS. While wheat is trading firm, a high degree of uncertainty prevails over the corn crop in Argentina and Brazil. Analyst estimates are being called into question for soybeans and global rapeseed sowing is down.
Grains
Jan 19, 2024

Grains and oilseeds: estimates spark confusion

BRUSSELS. Wheat buyers have turned active and the production estimates issued for corn and soybeans have sparked confusion in Brazil. Exporting to the EU has become too expensive for rapeseed suppliers in Ukraine.
Grains
Jan 18, 2024

Buckwheat: organic goods from China remain competitive

DALIAN. Imported buckwheat is outperforming the domestic crop in the Chinese market. Meanwhile, the first few months of the new season have seen noticeable shifts in the main sourcing countries for German imports.
Grains
Jan 18, 2024

Millet: German imports from Russia have increased tenfold

DALIAN. The Chinese millet market remains quiet in the new year so far. Meanwhile, Germany has increased its imports from Russia massively.
Grains
Jan 12, 2024

Grains and oilseeds: customers snub France

BRUSSELS. As long-standing customers are switching to Russia times have turned difficult for wheat suppliers in France. Brazil’s corn output will range lower than expected and early soybean yields are far from promising. The pressure is on for rapeseed.
Grain Products
Dec 21, 2023

Bulgur: Turkey dominates EU market

ISTANBUL/BRUSSELS. EU importers heavily rely on Turkey for bulgur. Exports are going well for Turkey.
Grains
Dec 15, 2023

Grains and oilseeds: EU called to buy in Ukraine

BRUSSELS. China and Egypt have bought large volumes of wheat. In addition, China has announced a record corn crop and soybean exports are set to drop in Brazil. The EU may profit from Ukraine’s attractively priced rapeseed.
Grains
Dec 6, 2023

Buckwheat: higher yields in Ukraine

DALIAN/KYIV. High imports continue to put pressure on buckwheat prices in the Chinese market. Meanwhile, production in Ukraine increased by a good 30% compared to last year.
Grains
Dec 5, 2023

Millet: Ukrainian production up by 80%

DALIAN/KYIV. Despite lower yields this season, larger cultivation areas in Ukraine have ensured that the millet crop has increased by 80% compared to last year. Meanwhile, the Chinese market remains quiet.
Grains
Dec 1, 2023

Grains and oilseeds: excessive imports prompt supply glut

BRUSSELS. A wave of cancellations has hit wheat, corn is under pressure and alternative transport routes have rendered soybeans more expensive in Brazil. China is also confronted with a supply glut for rapeseed.
Grains
Nov 24, 2023

Grains and oilseeds: delays not a problem

BRUSSELS. Export prospects are far from encouraging for wheat. Delayed sowing is not yet classified as a risk for Brazil’s corn crop and oil is weighing on rapeseed quotations.
Grains
Nov 10, 2023

Grains and oilseeds: China on shopping spree

BBRUSSELS. EU wheat imports have surged and El Niño spells trouble for Brazil’s corn output. China has embarked on a shopping spree for soybeans and Canada’s canola exports have approached a record.
Grains
Nov 1, 2023

Millet: harvesting nearly complete in Ukraine

DALIAN/KYIV. Harvesting is nearing completion in Ukraine. Weak demand for millet is giving rise to concerns in China and shipments to Germany have declined.
Grains
Oct 30, 2023

Buckwheat: price slumps in China

DALIAN/KYIV. Buckwheat prices have declined sharply in China in recent weeks, but trading is relatively subdued. Harvesting is nearly complete in Ukraine.
Grains
Oct 13, 2023

Grains and oilseeds: EU reduces imports

BRUSSELS. Grain markets reacted nervously to the Israel-Hamas war. Wheat quotations have, however, changed direction. The EU has sharply cut its corn imports and Australia is keen to fill the gap for rapeseed. Soybean exports have exceeded expectations in the USA and Brazil.
Grains
Oct 11, 2023

Millet: low demand in China

DALIAN/GDANSK. As the Chinese millet market is in the low season, there is little buying interest and hardly any trading is taking place. This is also reflected in the prices. In Poland, meanwhile, the construction of the first grain port is planned.
Grain Products
Oct 11, 2023

Bulgur: Turkey to profit from India’s export ban on rice

ISTANBUL. India’s ban on non-basmati rice exports, which became effective on 20 July 2023, has not only driven up global rice prices but has also turned bulgur into a highly attractive alternative. Although this will play into the hands of Turkey as leading exporter, shipments are not quite up to scratch this year.
Grains
Oct 11, 2023

Buckwheat: new grain corridor for Ukraine

DALIAN/KYIV. Ukraine's president Volodymyr Zelensky announced a new grain corridor on 10 October. Intention is that shipments will pass through Moldova to Romania and enable Ukraine to supply the world market with grains. Focus has shifted towards the new crop in China and prices are up.
Grains
Sep 8, 2023

Grains and oilseeds: market turns in favour of Southern Hemisphere

BRUSSELS. Russia is flooding the markets with wheat. Brazil will take the lead from the USA in exporting corn in 2023/2024 and Argentina’s soybean production will finally bounce back this year. Tallage has slashed the EU production estimates for rapeseed.
Grains
Sep 6, 2023

Buckwheat: Germany increases imports massively

KYIV/DALIAN. The harvest in Ukraine is progressing well and 14% of the acreage have been harvested so far. Meanwhile, Germany increased its buckwheat imports by a whopping 130% in June 2023.
Grains
Sep 6, 2023

Millet: harvest in Ukraine is in full swing

KYIV/DALIAN. In Ukraine, the millet harvest is progressing well. At the same time, Germany significantly reduced its June imports compared to last year.
Grains
Aug 2, 2023

Millet: Germany increases import volume

DALIAN. Germany has increased its millet imports by around 14% in May 2023, but the seasonal deficit cannot be wiped out. Meanwhile, millet prices are stagnating in China.
Grains
Aug 2, 2023

Buckwheat: optimistic prospects in China

DALIAN. In China, the buckwheat crop is developing well, according to reports. Meanwhile, German imports increased by a whopping 55% in May 2023.
Grains
Jul 14, 2023

Grains and oilseeds: downright peculiar negotiations with China

BRUSSELS/BRASÍLIA. Buyers from China have a curious way of negotiating shipments for soy in Brazil. The EU has reported a sharp downturn in wheat imports and exports, extensive heat is proving a problem for corn and FAS is very much upbeat about Ukraine’s rapeseed production.
Grains
Jul 11, 2023

Quinoa: early harvest in Paraguay

LIMA/SUCRE. According to market players, quinoa production in Peru was lower than expected. In Paraguay, however, farmers were able to start harvesting earlier than planned.
Grains
Jul 6, 2023

Buckwheat: declining production despite larger acreage

KYIV/DALIAN. This year, Ukrainian buckwheat growers have sown a larger area than originally planned. Nevertheless, a decline in production compared to last year cannot be ruled out.
Grains
Jul 5, 2023

Millet: larger crop in Ukraine

KYIV/DALIAN. In Ukraine, the goal for millet cultivation could not be reached, but if growing conditions remain stable, the crop may still exceed last year's result.
Grains
Jun 2, 2023

Grains and oilseeds: China to switch strategy

BRUSSELS. Ukraine has accused the EU of hypocrisy after demands were voiced to extend the import restrictions in place for Ukrainian wheat, rapeseed and corn along with sunflower seeds in five EU member states. China may shift its purchasing policy for soybeans.
Grains
May 31, 2023

Buckwheat: acreage in Ukraine has grown significantly

DALIAN/KYIV. China's imports from Europe declined in spring. In Ukraine, sowing progressed well, which is why the area under cultivation has grown significantly compared to last year.
Grains
May 31, 2023

Millet: sowing to fail to lift production in Ukraine and Russia

DALIAN/KYIV. Although sowing has risen sharply for millet in Ukraine and Russia, production is not expected to increase to the same extent. Estimates differ for China.
Grains
May 25, 2023

Quinoa: smaller crop in Peru

LIMA/SUCRE. Harvest delays and yield declines in Peru are leaving their mark on the quinoa market. The EU imported around 15% less quinoa in 2022.
Grains
May 12, 2023

Grains and oilseeds: deal to be extended

BRUSSELS. While traders were initially convinced that the Black Sea Grain deal would be extended beyond 18 May, their patience was put to a hard test as negotiations continued in Istanbul this week. Now Russian news agency TASS has reported that the deal will be extended by 60 days. Uncertainties prevail for wheat, Spain’s drought will boost demand for corn and China is giving soybean suppliers a hard time. Prospects for the new rapeseed crop are, however, highly encouraging in the EU.
Grains
May 5, 2023

Grains and oilseeds: slowdown in exports

BRUSSELS. Ukraine is a matter of conflict for the EU’s agritrade in grains and oilseeds and the possible suspension of the Black Sea Grain Deal has made things worse for now. Ukraine’s wheat exports have certainly slowed. Corn has also sparked a bit of contention as China speculates that prices will tumble along with soy in Brazil. The pressure is also on for rapeseed.
Grains
Apr 28, 2023

Grains and oilseeds: surprise twist

BRUSSELS. As the uncertainties over the extension of the Black Sea Grain deal prevail, the prices for wheat and rapeseed should have skyrocketed. Instead, the opposite is the case. Brazil’s bumper crop is also adding considerable pressure for soybeans and many EU member states will produce less corn.
Grains
Apr 26, 2023

Buckwheat: EU imports up by 15%

BEIJING/KYIV. Sowing for the 2023 buckwheat crop is underway in Ukraine. Meanwhile, the Chinese market is under pressure due to import bans and the EU also increased its imports noticeably last year.
Grains
Apr 26, 2023

Millet: sowing starts in Ukraine

BEIJING/KYIV. Chinese growers want to dispose of their old stocks as soon as possible. Meanwhile, farmers in Ukraine have started sowing for this year's crop.
Grains
Apr 14, 2023

Grains and oilseeds: the pressure is on

BRUSSELS. While discussions over the grain deal, which is set to expire on 18 May, continue to take centre stage, wheat and corn have come under pressure. The WASDE report has taken soy traders by surprise and the new USDA production estimates for rapeseed are not quite in line with expectations.
Grains
Apr 5, 2023

Millet: Germany reduces imports by 3%

DALIAN. The Chinese millet market remains immune to significant fluctuations. Meanwhile, Germany has reduced its imports this season.