Grains - Grain Products

Cereals daily: buyers under pressure

January 27, 2021 11:14 AM, Der AUDITOR
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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.

Wheat to trade higher

Wheat market prices have continued to rise as China purchased 1.36 million mt of wheat in the US and Russia has confirmed that export tariffs will be raised to EUR 50/mt as of 1 March. Russia has, however, dropped the export quotas. Algeria issued a new tender on Tuesday, which may be mainly supplied from France. The Saudi Grains Ogranization (SAGO) has ordered 660,000 mt of barley for March and April. FAS estimates Australia's wheat production at 31 million mt, which more than doubles last season's drought-ridden production of 15.2 million mt.

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Sep 8, 2021
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.
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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.
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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.
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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.