Grains - Grain Products

Cereals daily: selling pressure in Russia

February 1, 2021 11:03 AM, Der AUDITOR
Play report as audio

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.

Wheat futures down in Paris

Although Chicago futures traded upwards on Friday, Paris futures were down on Monday morning. China has released 2.2 million mt of wheat to satisfy domestic demand bought US corn on Friday, which drove up the market. Rail infrastructure operator Rusagrotrans has revised Russia's grain and wheat export estimates upwards for January. Grain exports have been revised from 3.5 million mt to 3.8 million mt, which also include a revisal on wheat exports from 3 million to 3.4 million mt. Although the new export tariff of EUR 25/mt will be i

View related articles

Go to the News Overview
Sep 23, 2021
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.
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.
Sep 7, 2021
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.
Aug 19, 2021
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.