Grain Highlights 20.05.2023
From 01.06.2023 the government of Russia will adjust the export taxes on grain in order to increase income of Russian farmers. – As of May 18, 2023, 33.2 million hectares of spring crops were sown in Russia, with a forecast of 57 million hectares in total. – FranceAgriMer lowers its forecast for wheat exports from […]
Grain Highlights 18.05.2023
Turkish President Erdogan has confirmed the extension of Ukraine’s grain deal for another 2 months. – In the last week, the export of wheat from Russia was 0.68 million tons (1.06 a week earlier), according to data from SovEcon. In May, exports will reach 3.8 million tons (4.3 in April and 1.5 in May 2022). […]
Grain Highlights 17.05.2023
Turkey is expected to raise the import tax on sunseed to 27% and to 36% on sunseed oil from 01.06.2023. – As of 05/14/2023, 65% of the planned areas have been sown with corn in the United States (45% a year earlier and 59% on average for the last five years). 49% of the areas […]
Grain Highlights 16.05.2023
According to Rusagrotrans’ forecast, a record 4.4 million tons will be exported from Russia in May (4.1 in the previous estimate). – According to Rusagrotrans’ forecast, a record 4.4 million tons will be exported from Russia in May (4.1 in the previous estimate). The previous best was achieved in May 2018, when 3.2 million tons […]
Grain Highlights 13.05.2023
Russian sources report that the grain deal will be extended for another 60 days from 05/18/2023. – Over the week of May 17-23, the export tax on Russian wheat will reach 4,727.6 rubles/ton (5,279.2 a week earlier), the export tax on barley will be 2,117.8 rubles/ton (2,676.2) and the export tax on corn will be […]
Foreign flagged ships detained in the UK during April 2023 under Paris MOU
During April, there were five new detentions of a foreign flagged vessel in a UK port. Notes on the list of detentions: The accompanying detention list shows ship’s International Maritime Organisation (IMO) number which does not change throughout the ship’s life and uniquely identifies it. It also shows the ship’s name and flag state at […]
Grain Highlights 12.05.2023
According to information from negotiations to extend the grain deal, it will most likely be extended, but Russia appears to have been given significant preferences that some participants do not agree with – Stratégie Grains has raised its forecast for EU soft wheat production by 1.1 million tons to 130 million tons (125.2 in 2021/22). […]
Grain Highlights 11.05.2023
According to Conab data, as of 05/06/2023, the harvesting campaign of the first corn crop in Brazil has been completed on 68% of the areas (+4% for the week and 76% a year earlier). – Chicago commodity funds were net sellers of 9,500 contracts of corn, 8,500 contracts of soybeans and 4,500 contracts of wheat […]
Labor Deal at West Coast Ports Comes Into View
Contract talks between unionized longshore workers and employers at West Coast ports appear to be headed into their final stretch following agreements on several major issues, potentially clearing the uncertainty that has been hanging over U.S. importers heading into their crucial fall selling season. Some shipping officials familiar with the talks hope a tentative agreement […]
Grain Highlights 10.05.2023
The European Parliament has extended duty-free trade with Ukraine for another year from 06.06.2023. – Chicago commodity funds were net sellers of 2,500 contracts of corn, 2,000 contracts of soybeans and 2,000 contracts of wheat yesterday. – According to USDA data, as of 05/07/2023, the sowing campaign of corn in the United States has been […]