Grain Highlights 17.01.2023
According to SovEcon’s forecast, the ending wheat stocks in Russia will reach a record 16.2 million tons in 2022/23 (6.7 in 2021/22 and 9.3 million tons on average for the last five years). – According to SovEcon’s forecast, the ending wheat stocks in Russia will reach a record 16.2 million tons in 2022/23 (6.7 in […]
Russian oil shipped to Asia in Chinese supertankers amid ship shortage
At least four Chinese-owned supertankers are shipping Russian Urals crude to China, according to trading sources and tracking data, as Moscow seeks vessels for exports after a G7 oil price cap restricted the use of Western cargo services and insurance. China, the world’s top oil importer, has continued buying Russian oil despite Western sanctions, after […]
Grain Highlights 16.01.2023
The Buenos Aires Grain Exchange estimates the 2022/23 soybean production in Argentina at 41 million tons (48 in the previous forecast). Corn areas are projected at 7.1 million hectares (7.3). – In their January report, IGC analysts forecast a 2022/23 world wheat production of 795.6 million tons (+5 compared to the previous report and 781 […]
Indonesia Coal Finds Its Way to the EU and Indian Markets
Indonesia’s coal exports surged during 2022, with the EU and India receiving the lion’s share of these increases. In its latest weekly report, shipbroker Banchero Costa said that “after a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels. In […]
Grain Highlights 14.01.2023
The Rosario Grain Exchange has lowered its forecast for the 2022/23 soybean production in Argentina by 12 million tons from the December estimate to 37 million tons (the third lowest result in the last 15 years). The estimate for the corn production was lowered by 10 million tons to 45 million tons. – Chicago commodity […]
Grain Highlights 12.01.2023
According to information from AgRural, as of 05.01.2023 in Brazil, 0.04% of the areas with the 2022/23 soybean crop have been harvested, i.e. the harvesting campaign has started. – According to IKAR’s estimate, the sunseed production in Russia in 2022 will reach 16.25 million tons (16.35 in the previous estimate). According to Rosstat data, the […]
Descartes: Slight December Decline in U.S. Imports from November Aligns with 2019 Levels
Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released its January report on U.S. container imports for logistics and supply chain professionals. The report shows that December U.S. container import volumes declined slightly from November to align with December 2019 levels. Port delays continue to decrease, with top […]
Grain Highlights 11.01.2023
According to a forecast by Safras&Mercado, soybean production in Brazil is projected at 153.37 million tons in 2022/23 (154.53 in the November forecast). – Over the period of January 1-8, the export of grain from Russia exceeded 1 million tons, including 963,000 tons of wheat (550 thousand tons a year earlier) and 44,500 tons of […]
Grain Highlights 10.01.2023
According to a forecast of the Ukrainian Agribusiness Club, the grain production in Ukraine will reach 30-35 million tons in 2023, and oilseed production will be 18-20 million tons. – The Government of Russia has approved an export quota for the export of grain from Russia for the period of 15.02 – 30.06.2023 of 25.5 […]
Some ocean shipping rates collapsing, but real price relief is months away
Prices in the most volatile segment of ocean shipping are collapsing, but top retailers like Walmart and Home Depot should not expect relief until the spring contract renegotiation season, industry experts said. Spot rates, which cover anywhere from 10% to 40% of ocean container shipments and are considered a key indicator of the industry’s health, […]