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
Grain Products
Sep 21, 2022
GAZIANTEP. Exporters have successfully campaigned for the suspension of the export quota for bulgur in Turkey. They are also quite satisfied with the export performance in August.
Sep 21, 2022
BEIJING. The buckwheat harvest is underway and it is becoming clear that the extreme drought has also left its mark here. Prices have nevertheless dropped slightly.
Sep 20, 2022
BEIJING. Despite the arrival of the new crop, demand for millet in the Chinese market remains moderate due to Covid restrictions. Meanwhile, exports to Germany are at a similar level to last year.
Aug 31, 2022
BEIJING. New millet from Inner Mongolia should be available on the market from the beginning of September. Meanwhile, the price trend in recent weeks has been downward.