Grains - Grain Products

Cereals daily: strong price movements before Easter

April 1, 2021 3:21 PM, Der AUDITOR
Play report as audio

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.

Wheat: Algeria buys around 500,000 mt

Wheat prices set unexpectedly upwards for the trade. It was announced from France that Algeria bought 500,000 mt of common wheat yesterday, probably in France, Germany and Poland. This was above expectations. The USDA quarterly report showed some surprises. The USDA estimates the total wheat acreage in 2021 at 46.4 million acres, which would be 5% more than last year. The area under winter wheat is about 9% higher at 33.1 million acres; a good 31.8 million acres had been expected. Spring wheat acreage is expected to de

View related articles

Go to the News Overview
More News
May 18, 2022
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.
May 11, 2022
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.
May 2, 2022
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.
Apr 28, 2022
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.