Grains

Grains and oilseeds: market turns in favour of Southern Hemisphere

September 8, 2023 at 11:55 AM , Der AUDITOR
Play report as audio

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.

Russia floods market with wheat

ABARES, the Australian Bureau of Agricultural and Resource Economics and Sciences, has downgraded its production estimate for wheat to 25.4 million mt. This is 200,000 mt less than in the June estimate and 36% down on last year. Drought will also reduce production in Argentina this year again. Low monsoon rain and excessive heat should, in addition, prompt India to import around 9 million mt of wheat. Contrary to this, Brazil’s crop is highly promising and Russia succeeded in exporting 11 million mt of wheat in July and August a

View related articles

Go to the News Overview
Nuts
Feb 26, 2024
NEW DELHI/ATLANTA. In India, prices continue to fall and demand for peanut oil and seeds is extremely low. In the USA, the outlook is much better, while there have been harvest delays in Nicaragua.
Grains
Feb 23, 2024
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.
Oilseeds
Feb 22, 2024
SOFIA/KYIV. The farmers' protests in Poland continue to hinder the flow of Ukrainian agricultural goods. All parties involved are in favour of a solution that protects Polish growers but also maintains trade.
Oilseeds
Feb 22, 2024
NEW DELHI. The current tender from South Korea has been finalised. Indian exporters had to come to terms with the fact that, despite high expectations, they had no chance against the competition.